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Office Market Profile
Berlin | 1st quarter 2020 Published in April 2020
Off ice Market Profi le | 1st quarter 2020 Berlin
Berlin
Marzahn
Rudow
Blankenburg
Kladow
Mitte
Pankow
Marienfelde
Wartenberg
Friedenau
Friedrichsfelde
Britz
Mahlsdorf
Westend
Wilmersdorf
Lankwitz
Köpenick
Steglitz
Falkenberg
Heinersdorf
Siemensstadt
Oberschöneweide
Moabit
Zehlendorf
Wannsee
Staaken
StadtrandsiedlungMalchow
Kaulsdorf
Alt-Treptow
Heiligensee
Wittenau
Gatow
Dahlem
FranzösischBuchholz
Schöneberg
Reinickendorf
Alt-Hohenschönhausen
Altglienicke
Wilhelmstadt
Friedrichshain
Wedding
GrunewaldKarlshorst
Weißensee
Buckow
Buckow
Biesdorf
Lichtenberg
Neukölln
Friedrichshagen
Adlershof
Haselhorst
Nikolassee
Niederschönhausen
Niederschöneweide
Tegel
Mariendorf
Rosenthal
Johannisthal
Baumschulenweg
Tempelhof
Kreuzberg
Waidmannslust
PrenzlauerBerg
Schmargendorf
Konradshöhe
Grünau
Lichterfelde
MärkischesViertel
Wilhelmsruh
Charlottenburg-Nord
Malchow
Neu-Hochenschönhausen
Hellersdorf
Fennpfuhl
Rummelsburg
Plänterwald
Hansaviertel
Tiergarten
Gesundbrunnen
Charlottenburg
Gropiusstadt
Halensee
Spandau
Hakenfelde
FalkenhagenerFeld
A 111
A 103
A 114
A 10
A 100A 115
A 113
GroßGlienicke
Charlottenburg-WilmersdorfFriedrichshain-Kreuzberg
Lichtenberg
Marzahn-HellersdorfMitte
Neukölln
Pankow
Reinickendorf
Spandau
Steglitz-Zehlendorf
Tempelhof-Schöneberg
Treptow-Köpenick
Berlin-Tegel
Eastern Suburb€ 10.00-27.50
Western Suburb€ 11.50-17.50
Southern Suburb€ 10.00-26.50 Adlershof
€ 10.00-18.50
Wilmersdorf-Schöneberg€ 16.00-29.50 Kreuzberg-Tempelhof
€ 15.00-30.50
Mediaspree€ 26.00-35.00
Charlottenburg-Tiergarten€ 17.00-28.00
PrenzlauerBerg-Friedrichshain
€ 17.50-28.00
Northern Suburb€ 11.00-18.00
Kladow
Berlin
Gatow
KonradshMalchow(Hohensch
Klarahoeh
Falkensee
Berlin: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2020/Q1
A113
A10 A13
Berlin-Schönefeld
Berlin-Schönefeld
BohnsdorfGroßziethen
Karlshof
Kiekebusch
Schönefeld
Selchow
Rotberg
Tollkrug
Waltersdorf
Kienberg
Waßmannsdorf
Dahlewitz
Glasow
Area Airport Berlin-Brandenburg€ 8.50-18.50
Wilmersdorf
Schöneberg
Tiergarten
Charlottenburg
Charlottenburg 1A€ 23.00-37.00
Area Potsdamer-Leipziger Platz€ 25.00-37.00
Mitte 1A€ 26.00-36.00
Area Main Station-Europacity€ 28.00-35.50
Mitte€ 21.00-34.00
Mitte
Moabit
Schöneberg
Wedding
Kreuzberg
PrenzlauerBerg
Hansaviertel
Tiergarten
Gesundbrunnen
Berlin: Off ice Space Market Areas with Rental Bands (€/sqm/month)
Weak start to the year in the federal capitalThe Berlin off ice letting market began the year with a take-up volume of 172,000 sqm. This is a reduction of around 38% compared to the previous quarter and 20% lower than the fi ve-year average of respective comparative quarters. One of the reasons for this weak result was the strong year-end re-sult in 2019 with few deals pending completion in 2020. Once again, the main drivers of space take-up in the fi rst quarter of this year were high volume lettings. While the three largest transactions accounted for 20% of total take-up in the fi rst quarter of the previous year, they were responsible for 29% in the fi rst three months of the current year. Most of the quar-terly result was attributed to deals concluded in the > 10,000 sqm size category. On a local level, it is apparent that the new and centrally-located “Areal Hauptbahnhof-Europacity” submarket is attracting an increasing number of tenants. This can be attributed to the growing attractiveness of the lo-cation and the progressing project developments. Last year
alone, the supply of space in this submarket increased by around 45,000 sqm. In view of the current high level of con-struction activity there, it can be assumed that this trend will continue in the future. At the beginning of the year, the va-cancy rate in the federal capital was 1.9%. The prime rent was unchanged at €37.00/sqm/month compared to the pre-vious quarter, whereas the weighted average rent increased by 2.6% to €26.36/sqm/month.
Development of Main Indicators
Helge ScheunemannHead of Research Germany+49 (0) 40 350011 [email protected]
Contact DüsseldorfMartin BeckerSenior Team Leader Office Leasing+49 (0) 211 13006 [email protected]
Contact FrankfurtMarkus KullmannRegional Manager Frankfurt+49 (0) 69 2003 [email protected]
Contact HamburgAndré HoffmannSenior Team Leader Office Leasing+49 (0) 40 350011 [email protected]
Contact CologneAndreas ReulTeam Leader Office Leasing+49 (0) 221 2775 [email protected]
Contact MunichFritz Maier-HartmannSenior Team Leader Office Leasing+49 (0) 89 290088 [email protected]
Contact StuttgartSebastian TreierTeam Leader Office Leasing+49 (0) 711 900370 [email protected]
Contact Berlin Gerald DietzoldSenior Team Leader Office Leasing+49 (0) 30 203980 [email protected]
Copyright © JONES LANG LASALLE SE, 2020. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
Contacts
jll.de Information regarding JLL and our servicesjll.de/research All research reports on current market figures and special topicsjll.de/immo Commercial real estate properties for sale or to let througout Germany
Stephan LeimbachHead of Office Leasing Germany, Member of the JLL Strategy Board Germany+49 (0) 69 2003 [email protected]