- March 1, 2018: Vol. 12, Number 3

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Record office take-up in Germany’s eight main locations

by Marek Handzel

Office take-up in Germany’s eight main city locations exceeded 4 million square metres for the first time in 2017.

The final number, reported by BNP Paribas Real Estate to be 4.3 million square metres, beat 2016’s take-up by 16 percent. Munich, Berlin, Hamburg and Leipzig all set new records, with the Bavarian capital attracting 995,000 square metres of new office occupancy. BMW contributed to the take-up with two owner-occupier deals at around 160,000 square metres.

In second place, Berlin saw a 913,000-square-metre take-up. BNP Paribas said that the city would have claimed top spot in the list if it was not experiencing a shortage of supply. Frankfurt came in third, where it posted its second-best take-up of all time at 810,000 square metres.

By far the greatest increase was achieved by Leipzig with a 69 percent rise, which equated to 166,000 square metres of new office take-up.

BNP Paribas’ Office Market Report 2018 also highlighted a

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