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

Real Estate Advisor

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

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Fabian Runge

Fabian Runge

Real Estate Advisor

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

Real Estate Advisor

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

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Aday Erdinc

Aday Erdinc

Real Estate Advisor

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

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Anne-Katrin Keller

Anne-Katrin Keller

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

Scarcity of office space reduces letting performance in Berlin

Berlin’s office market is now, more than ever, faced with the dilemma of being unable to even come close to meeting the high demand. In the third quarter of 2018 which has just ended, it should have been possible to achieve a significantly higher office space take-up than the around 194,000 sqm actually achieved. Together with the 412,000 sqm of take-up recorded in the first six months of the year, this corresponds to an accumulated take-up of 606,000 sqm this year so far. However, this is 10% lower than was recorded in the corresponding period last year and after three successive record years, it seems unlikely that a new record will be set in 2018. Rather, it is to be expected that take-up for the year as a whole will reach 800,000 - 850,000 sqm. The Tech and Public sectors have been the most active in the letting market over the year so far. For the latter, it is becoming increasingly difficult to find space in the desired office locations and this would explain why a lease agreement for 4,000 sqm was recently signed for €30.00/sqm/month (net of service charges).

In the location ranking, Berlin-Mitte remains the office location with the highest take-up with approx. 141,000 sqm. followed by Charlottenburg with 88,400 sqm and Kreuzberg with 54,200 sqm.

 

 

 

Take-up according to Office Locations in Berlin

Prenzlauer
Berg
0
Schöneberg
0
Tempelhof
0
Charlotten-
burg
0
Mitte
0

 

Berlin’s office tenants have to pay ever-increasing rents

Office rents in the capital continue to increase. The imbalance between the extremely scarce supply and high number of outstanding enquiries has continued to drive rents upwards in recent months. For example, the prime rent in City-West increased from €20.40 to €20.80/sqm/month compared to the second quarter, and from €19.20 to €19.80/sqm/month in City-East. Even the prime rent in the east of the city increased, from €30.40 to €31.00/sqm, although the prime rent in the western part of the city remained stable over the course of the quarter. At an impressive €35.00/sqm/month however, it is already very high. Prices are unlikely to stop rising in the foreseeable future. In future, more and more companies will find it difficult to cope with the high financial burden.

 

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

*€/sqm net rent plus service charges and VAT
40.00 €

Top Rent

20.80 €

Average Rent

25.00€-40.00€ Charlottenburg
25.00€-33.50€ Mitte
25.00€-30.00€ Prenzlauer Berg
16.00€-22.00€ Schöneberg
15.00€-20.00€ Tempelhof

 

Threat of creative industry leaving the city

For many companies in the creative sector, the air in Berlin is getting thinner and thinner. Too little adequate office space and barely affordable living space for employees has already forced many to look for alternative locations, such as Jena. In addition to a good university structure, Jena offers many opportunities that are painfully lacking in Berlin. It will be difficult for those responsible in Berlin City Hall to prevent the impending departures, as the steps required should have been taken long ago.

 

Vacancy of office space continues to decrease rapidly

Anyone looking to rent office space in Berlin today must be prepared to spend a lot of time looking. Vacant offices are a real rarity. The situation within the Berlin S-Bahn urban railway ring, where the market has been literally swept clean, is particularly dramatic. In total, the supply of available office space fell from around 369,000 sqm in the first half of 2018 to 349,000 sqm. Based on a total office stock of 21.8 million sqm, this equates to a vacancy rate of 1.6%. Although construction activity is high in most Berlin office locations, the prospects for an improvement in the supply situation are poor. Most projects scheduled for completion in the coming years already have a high pre-letting rate. It is therefore advisable for office tenants to adapt to the current market conditions in good time and to allow for lead times of up to five years. This especially applies to units sizes of <500 sqm and from 500 – 1,000 sqm.

 

Historically Low Office Space Vacancy

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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 30 23 08 28 - 0

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