• Germany’s office real estate investment market reached a transaction volume of €18.6bn in the first three quarters of 2021, reflecting growth of 3% compared with the year-earlier period
  • A key driver of demand in the office investment market is that the leasing market is returning to normal
  • This was also corroborated by an extensive survey CBRE recently conducted on companies. Almost two thirds of the respondent companies in Europe anticipate that they will need the same or even up to 30% more space after the pandemic
  • Prime yield as an average across the Top-7-markets edges down to 2.78%
  • Portfolio share down 19%-points to 13%
  • Share of international investors stable at 42%
  • Outlook: the economic recovery and a continued attractive interest rate environment favor a transaction volume of around €25bn for the full year 2021