In 2024 a total of some 575,000 m² of office space was newly let in Berlin. This translates into year on year growth of around 13 %. Nevertheless, only a limited number of agreements related to more than 10,000 m² of space. “The market for small and mid-sized offices in Berlin remained satisfactory right up to the end of the year. Even though there is less demand for space, location and quality are becoming increasingly important. Once again, demand for top quality offices in new, centrally located properties is driving rental prices up and will continue to push them higher. On the other hand we note a sideways movement for properties with deficits in regard to location and fit-out,” says Antje Helmer, head of Office-Letting Berlin at Grossmann & Berger Immobilien, a member of German Property Partners (GPP).
For market data and top agreements, please have a look at the word document.
