TLG IMMOBILIEN AG rents out around 3,800 sqm in office properties in Berlin and 1,300 sqm of retail space in Stralsund out of its remaining vacant space
The office property ‘Spreétage’ in Berlin is now fully let - The original vacancy rate of the office property ‘Erlenhöfe’ has been reduced by around 60% just five months after its acquisition - Around 1,300 sqm of retail space in ‘Quartier17’ in Stralsund has been rented out in a long-term agreementmore
The growing number of office employees and low vacancy rates are causing rents in Berlin’s office property market to rise even further
New bulwiengesa study forecasts that the number of office employees will increase by 62,000 or 8.7% by 2020 - Additional demand for office space in Berlin will reach up to 1.6 million sqm by 2020 - Most of the demand for office space comes from TMT companies, public administration and corporate services - According to market experts from TLG IMMOBILIEN, Union Investment and CA Immo, inner-city and suburban sub-markets with excellent (public transport) connections and urbanity are benefiting the most - Berlin-Mitte, City-West, Mediaspree and Europacity will remain hotspots - Speculative office space development projects and construction rates are on the risemore
Study "Market forecast for 2020 - Berlin’s office employees of tomorrow"
Increase in office employees: Berlin is overtaking central London - Berlin-Mitte is leading the start-up scene - Digital companies are driving the development of the office property marketmore