Berlin

Advisors to Berlin's office tenants - Since 1991.

Is there any office space available free of brokerage commission? Does the type and quality of office space meet current standards? Can I secure more than 3,000 sqm of office space in a central location in Berlin? Where will new office space be built?  Should I stay in my current office or look for new premises? These are the questions that office tenants in Berlin are currently asking and to which we know the answers.

Berlin’s office market is a recognised launchpad for new businesses and industries, and there is therefore strong demand for small, flexible office space. This is evident from the increasing volume of co-working space now available on the market. Also, the public sector, associations and their service providers lease high volumes of office space every year on a long-term basis. We know what Berlin’s office tenants need. This information, combined with the current market conditions in Berlin, makes an intensive advisory service essential and is one which we have been happy to provide since 1991.

The days when real estate brokers just traded office space are long gone. Today, we have become an all-round advisor and liaison partner acting on behalf of office tenants. We ensure transparency in decision-making and endeavour to reduce to the bare minimum the expense to our clients of leasing office space. Whether a particular office space is right for your company doesn’t just depend on the location, fit-out specification and rent. We make it our business to analyse your long-term requirements for future office space so you don’t "fall short" when leasing premises, or pay too much rent.

We research the market to identify the lettings that have taken place, the rents and terms agreed, and the properties involved. The results are available to read in our quarterly office market report.

 

 

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Team

Your office agency team Berlin

Tibor Frommold

Tibor Frommold

Board Member

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 32

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Monique Ibscher

Monique Ibscher

Director

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 26

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Fabian Runge

Fabian Runge

Director

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 44

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Kimberly Karpe

Kimberly Karpe

Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 22

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Dominic Röder

Dominic Röder

Junior Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 15

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Aday Erdinc

Aday Erdinc

Junior Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 25

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Anne-Katrin Keller

Anne-Katrin Keller

Junior Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 24

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Jonas Bendner

Jonas Bendner

Junior Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 -36

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Jan Goeke

Jan Goeke

Junior Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 -29

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Alexej Kretzschmar

Alexej Kretzschmar

Contact Manager

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 37

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Annette Hennig

Annette Hennig

Assistant

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 13

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Nicole Khawaja

Nicole Khawaja

Assistant

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 20

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Vivien Hartisch

Vivien Hartisch

Assistant

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 23

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Yvonne Killermann

Yvonne Killermann

Assistant

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 43

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Berlin office market: take-up set to exceed one million sqm

Although almost fully let, the Berlin office market has continued to record high occupancy figures over the past three quarters. "Due to the significant imbalance between high demand and low vacancy rates, more office tenants in the capital are switching to new construction projects and are driving take-up into new dimensions", reported Fabian Runge, Director at Angermann Real Estate Advisory AG in Berlin.

 

Third quarter dominated by major lettings

At 300,000 sqm, the third quarter saw the highest result ever achieved in a single three-month period. Added to the result for the first two quarters in which 231,000 sqm and 164,000 sqm were taken up respectively, letting performance has now reached 695,000 sqm, considerably above the 10-year average of 656,000 sqm and an increase of 15% year-on-year. "As expected, take-up increased significantly in the third quarter, due to several lettings of units greater than 10,000 sqm. Further announcements of lettings of over 10,000 sqm can be anticipated towards the end of the year, pointing to a record result in excess of one million square metres", Fabian Runge has predicted.

 

 

Take-up according to Office Locations in Berlin

Pankow
0
Friedrichshain
0
Kreuzberg
0
Charlotten-
burg
0
Mitte
0

 

Third quarter dominated by major lettings

At 300,000 sqm, the third quarter saw the highest result ever achieved in a single three-month period. Added to the result for the first two quarters in which 231,000 sqm and 164,000 sqm were taken up respectively, letting performance has now reached 695,000 sqm, considerably above the 10-year average of 656,000 sqm and an increase of 15% year-on-year. "As expected, take-up increased significantly in the third quarter, due to several lettings of units greater than 10,000 sqm. Further announcements of lettings of over 10,000 sqm can be anticipated towards the end of the year, pointing to a record result in excess of one million square metres", Fabian Runge has predicted.

 

 

How much do you pay for an Office Space in Berlin?

*€/sqm net rent plus service charges and VAT
37.20 €

Top Rent

25.15 €

Average Rent

23.00€-48.00€ Mitte
22.50€-40.50€ Charlottenburg
27.00€-35.50€ Kreuzberg
25.00€-35.00€ Friedrichshain
24.00€-33.00€ Pankow

 

Construction activity in the office sector remains strong

Berlin’s cityscape has long been dominated by cranes, with many involved in the construction of new office buildings. In fact, 2.8 million sqm of office space is scheduled for completion by 2024. Nonetheless, Runge puts things into perspective: "It remains to be seen whether this will lead to a noticeable expansion of the short-term supply of office space in the coming years, as many of the office buildings under construction or at the planning stage already have high pre-letting rates”.

 

Office rents continue to rise

Berlin remains an expensive place for office tenants and the trend is rising, with rents rising again strongly in the third quarter. For instance, the average office rent has increased from €23.90 to €25.15/sqm and the prime rent from €35.90 to €37.20/sqm over the past three months. "The price screw will continue to tighten relentlessly over the coming months", warned Runge.
Significant increase in take-up in Berlin-Mitte and Charlottenburg
At the top of the location ranking, Berlin-Mitte and Charlottenburg have recorded extremely high letting results. A total of 208,000 sqm of new office space was leased in Mitte, the first placed district, which corresponds to an increase of 48% over the same period last year. In Charlottenburg, take-up increased by 69% to 149,000 sqm.

 

 

Historically Low Office Space Vacancy

0 %

Contact

Your direct point of contact to identify and secure office space in Berlin:

Angermann Real Estate Advisory AG

Lennéstraße 1
10785 Berlin

Tel.: +49 30 23 08 28 - 0

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