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Office Market Profile
Frankfurt | 3rd quarter 2019 Published in October 2019
Office Market Profile | 3rd quarter 2019 Frankfurt
Frankfurt
Continued above-average momentumSo far, the Frankfurt letting market has been unaffected by the general economic slowdown. After the first three quar-ters, take-up was around 390,000 sqm, 9% higher than the average for the last five years. Given the number of larger enquiries in the market which should be concluded over the coming months, a take-up volume of 550,000 sqm re-mains within reach for the full year 2019. This result would also be significantly above the long-term average. Although the vacancy rate fell again over the course of the quarter, the Frankfurt market continues to offer space for potential occupiers. However, one trend is becoming increasingly entrenched: existing space in the <€20.00/sqm/month price category in locations close to the city centre is becoming increasingly scarce – on the one hand, they are being let and on the other, rents have also risen substantially for the space still available; in some cases, prices above €25.00/sqm/month are being charged. As a market segment that con-
tinues to be in strong demand, project developments are very popular, especially with large occupiers. This market segment is responsible for six of the ten largest deals concluded so far this year. Nonetheless, speculative con-struction activity remains limited and, as such, we assume that rents will continue to rise. We also expect Brexit to have little effect on the office market, even in the case of a no-deal Brexit.
Frankfurt: Office Space Market Areas with Rental Bands (€/sqm/month)
Development of Main Indicators
Kalbach
Westend-Nord
Heddernheim
Seckbach
Gutleutviertel
Preungesheim
Bonames
Bockenheim
Gallusviertel
Unterliederbach
Bergen-Enkheim
Griesheim Oberrad
FrankfurterBerg
Fechenheim
Niederrad
Innenstadt
NiedHöchst
Westend-Süd
Praunheim
Berkersheim
SossenheimNordend-Ost
Dornbusch
Sachsenhausen-Nord
Ostend
Eckenheim
Hausen
Bahnhofsviertel
Riederwald
Sachsenhausen-Süd
Eschersheim
Sindlingen
Altstadt
RödelheimBornheim
Schwanheim
Harheim
Flughafen
Ginnheim
Zeilsheim
Niederursel
Nordend-West
A661
A648
A3
A66
A5
Frankfurtam Main
Eschborn€ 7.50-17.50
Kaiserlei€ 8.00-15.00
Mertonviertel-Riedberg€ 10.00-13.50
Lyoner Quartier€ 10.00-17.00
North€ 10.00-14.00
East€ 8.00-18.50
Rödelheim€ 9.00-13.50
Sachsenhausen€ 11.50-17.00
West€ 9.50-21.00
Airport€ 16.00-25.00
Other City Locations (North)
Other City Locations (South)
Frankfurtam Main
OberradZei lsheim
Seckbach
HarheimKalbach
Offenbacham Main
Kelsterbach
Raunheim
SchneidhainTs.
Königste inOberhoechstadt /Ts.Kronberg Oberursel
Steinbach
Mit te lbuchen
HanauDoern igheim
Wachenbuchen
Mainta l
BischofsheimBad Soden
Altenhain
Eschborn
Okr ifte l
Eddersheim
Hattersheim
Hofheim
Kelkheim
Krif te l
Schwalbach
Dreie ich
Heusenstamm
Rembruecken
Laemmerspie l
Mühlheim
Gravenbruch
Zeppel inheim
Neu- Isenburg
Obertshausen
Rodgau
Bad Vi lbel
Westend-Nord
Gutleutviertel
Bockenheim
Gallusviertel
Niederrad
InnenstadtWestend-
Süd
Nordend-Ost
Sachsenhausen-Nord
Bahnhofsviertel
Sachsenhausen-Süd
Altstadt
Nordend-West
Main
Central Station Area€ 12.00-24.00
Banking District€ 19.00-40.50
City€ 13.00-30.00
City-West€ 13.00-18.50
Westend€ 16.00-33.00
Westhafen€ 18.00-24.00
Frankfurt: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2019/Q3
Stephan LeimbachHead of Office Leasing Germany+49 (0) 69 2003 [email protected]
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 KullmannSenior Team Leader Office Leasing+49 (0) 69 2003 [email protected]
Contact HamburgAndre HoffmannDirector 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, 2019. 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.
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