Office rental values in Berlin, Hamburg and Munich now stand, on average, 7% above their prior 2008 peaks, and at their highest levels in 15 years. Even so, the positive economic outlook, low development pipelines, and falling vacancy rates lead us to expect further strong rental growth, far above current consensus expectations. However, given the weakness of the financial sector, we are less optimistic than the consensus on the rental outlook in Frankfurt.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.