• The office letting market in Frankfurt showed further signs of recovery in the course of the third quarter.
  • With a cumulative office take-up of 251,600 sq m, a year-on-year increase of 24% was registered.
  • Due to several deals in the mid-size category in the highly demanded office towers, the Banking District was the most sought-after submarket, accounting for 16% of take-up.
  • Both the prime rent and the weighted average rent (12-month rolling average) rose by around 2% year-on-year to €45 and €23.30/sq m/month respectively.
  • Due to the high demand and increased construction prices, it can be assumed that rents will continue to rise.