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Office Market Report Hamburg Q1 2020

  • Letting performance picks up in Q1
  • Significant increase in take-up of 38% compared to the same period last year
  • Prime and average rents remain stable
  • Office space supply increases but remains scarce
  • Public sector the most active in the market
  • Unlike in 2020, there are several enquiries for more than 10,000 sqm in the pipeline
  • Total annual take-up of over 500,000 sqm is realistic

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