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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Steven Zander

Steven Zander

Real Estate Advisor

Lennéstraße 1, 10785 Berlin
+49 (0) 30 23 08 28 - 45

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Kimberly Karpe

Kimberly Karpe

Junior 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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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 Support

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

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Key Facts Office Market Berlin

Robust Q1 take-up in the Berlin office market

Tenant demand and tenants’ willingness to conclude lease contracts remains unabated in the Berlin office market. There was total office space take-up of around 231,000 sqm in the first quarter of 2019, corresponding to an increase of 7% compared to the same period the previous year. The rise could have been significantly higher if there had been a greater supply of available office space. “Based on the enquiries currently in the pipeline, it is possible that office space take-up could be well in excess of 900,000 sqm over the full-year. It is not yet known to what degree of caution tenants will react to the rising office rents and long waits until the completion of new-build projects over the remaining course of the year. Nonetheless, take-up in 2019 will again be above the 800,000 sqm mark”, expects Tibor Frommold, Member of the Management Board at Angermann Real Estate Advisory AG Berlin.
 

 

Take-up according to Office Locations in Berlin

Treptow
Köpenick
0
Kreuzberg
0
Schöneberg
0
Charlotten-
burg
0
Mitte
0

 

Office market now practically fully let

Office space vacancy in Berlin remains in free fall. Vacancy has dropped from around 309,000 sqm to 296,000 sqm since the fourth quarter of 2018. Based on a total stock of around 22.8 million sqm, this equates to a historically low vacancy rate of 1.3%. “The Berlin office market is almost fully let. This applies particularly to the central office locations where there is no further space available to let short term. Office space larger than 2,000 sqm is now only available in new-build projects. Most enquiries are made in the hope that the required office space is actually under construction and will be available for occupation within the next 12 to 18 months”, says Frommold.

 

 

 

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

*€/sqm net rent plus service charges and VAT
35.40 €

Top Rent

22.50 €

Average Rent

20.00€-48.00€ Mitte
19.50€-40.00€ Charlottenburg
22.00€-35.00€ Kreuzberg
21.00€-26.00€ Wedding
17.00€-22.00€ Schöneberg

 

3.6 million sqm of office space to be completed by 2023.

The hope that the poor supply situation in the Berlin office market may improve is subject to the high level of new-build activity. “3.6 million sqm of office space is scheduled for completion by 2023, and this continues to rise. This urgently needed improvement offers little respite in the short term, as the current tense situation on the demand side would need to ease off first. It is expected that the levels of supply and demand will be more balanced from 2024, although the increasing influx of German and international companies into Berlin is unlikely to subside over the next few years”, explains Frommold.

 

 

 

Further rise in average office rents

After an average 18% hike in rental prices in 2018 across the city, it is expected that rents will rise by at least 10% in 2019. The current average rent has risen from €21.80 to €22.50/sqm/month since the previous quarter. The prime rent has also risen from €35.20 to €35.40/sqm/month. “Anyone looking to rent office space in the capital will have to adjust their budget continually in line with the rising office rents. The rental price situation will only ease when there is a significant increase in the supply of space, putting tenants in a better negotiating position with landlords”, says Frommold.

 

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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