In the first half of 2024 take-up of office space in Berlin totalled 291,000 m². This translates into year on year growth of 27 %. Despite this, the final number of agreements for large amounts of space was very limited. A mere 6 contracts for more than 10,000 m² of space have been noted during the year thus far. “The market for small and mid-sized offices is certainly stable. We observe strong ongoing demand for expensive offices in prime locations and note that numerous companies are tending towards smaller, but higher-quality premises. These trends could indicate that less space will be required in future. Our estimate is that the year 2024 could close with a moderate result of round 600,000 square metres,” says Antje Helmer, head of Office-Letting Berlin for Grossmann & Berger Immobilien, member of German Property Partners (GPP).
The Market report office-letting Berlin 2024/Q1-Q2 will shortly be available on our website.
