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

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

Berlin’s office market is now practically fully let

High demand meets limited supply. This sentence concisely and precisely describes the dilemma which Berlin office tenants have been facing for some time. Once again, residual vacancy decreased over the quarter to just 286,000 sqm. Based on a total office stock of 22.8 million sqm, this equates to a vacancy rate of 1.3% - another historic low. "Berlin is de facto fully let in the office sector. Furthermore, some landlords are holding back their office space because they hope to achieve even higher office rents at a later date. Office tenants therefore need time, flexibility and a willingness to compromise", explained Fabian Runge, Director at Angermann Real Estate Advisory AG in Berlin.

 

Big run on new building projects

Letting performance remains high despite a scarcity of available office space due to numerous lettings in new construction projects still in progress. "Fortunately, construction activity in the office sector is currently very brisk, with 2.8 million sqm of office space scheduled for completion by 2024. Many buildings under construction or being planned already have a high pre-letting rate", commented Fabian Runge.

 

Take-up according to Office Locations in Berlin

Pankow
0
Schöneberg
0
Kreuzberg
0
Charlotten-
burg
0
Mitte
0

 

High letting performance expected in the second half of the year

In Berlin, 164,000 sqm of new office space was let in the past second quarter. Together with 231,000 sqm from the first quarter of the year, this brings total take-up for the year so far to 395,000 sqm, which is a moderate decrease of around 4% compared to the corresponding period last year. “We expect that momentum on the Berlin office market will pick up again after a brief lull, and that take-up will rise significantly in the second half of the year. Due to the imminent conclusion of a high number of leases in the >15,000 sqm size category, total take-up can be expected to reach 900,000 sqm by the end of the year”, according to Fabian Runge.

 

 

 

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

*€/sqm net rent plus service charges and VAT
35.90 €

Top Rent

23.90 €

Average Rent

21.00€-48.00€ Mitte
20.00€-40.00€ Charlottenburg
25.00€-35.00€ Kreuzberg
22.00€-33.00€ Pankow
18.00€-23.00€ Schöneberg

 

Office rents continue to rise

The price screw on Berlin office rents continues to turn, with a 6% rise in the average rent from €22.50 to €23.90/sqm/month over the past quarter alone. The prime rent also increased, albeit more moderately, from €35.40 to €35.90/m², up just 1,4%. “The fact remains: office tenants in Berlin must accept the increased prices demanded by landlords if they want to rent an office in their desired location", emphasised Fabian Runge.

 

Berlin-Mitte and Charlottenburg achieve significant growth in take-up

With an office space take-up of 148,000 sqm, Berlin-Mitte held on to pole position in the location rankings. Contrary to the trend, the result was a significant 32% higher year-on-year. Second place went to Charlottenburg with 89,000 sqm and an increase in take-up of 37%.

 

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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