European Commercial Property Updates
Has the best for the German office market passed?
All the headline indicators for the German office market, i.e. take-up, vacancy rates and rents, moved in the right direction last year. But we expect the final stages of 2011 to prove to be the high-water mark. With another recession and falls in employment looming, we think German office rental values will decline by about 4% both this year and in 2013.
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