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

Berlin's office market records third highest result of all time

After three record years in a row, Berlin’s office market was unable to report a record take-up result in 2018. The total recorded take-up of 838,000 sqm was 10% lower year-on-year, but is nevertheless the third best result ever achieved in the federal capital. A half-year comparison shows a slight rise in take-up in the second six months of 2018 to 426,000 sqm compared with the first half-year period, and 232,000 sqm of space was taken up in the fourth quarter alone. Demand is unlikely to weaken over the next few years. Nonetheless, as the supply of available office space continues to decline and rents rise, future take-up results will be lower. Currently, the overall result for 2019 is expected to correspond roughly to this year's level. Companies in ICT and the Public Sector were the most active in the letting market in 2018. DAX companies were also very active in the Berlin office market, irrespective of sector.

 

 

 

Take-up according to Office Locations in Berlin

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

 

Expensive times for office tenants

Berlin office space has its price and this is becoming more and more expensive. For example, the prime rent in City-East increased from €31.00 to €32.50/sqm compared to the previous quarter, and from €35.00 to €35.20/sqm in City-West. Even the average rent increased in this part of the city, from €20.80 to €21.80/sqm, and in City–East it increased from €19.80 to €20.50/sqm. As these rent rises are not expected to end soon, financially weaker companies will be compelled to relocate their offices to less central locations. However, in the case of creative companies and governmental ministries in particular, rents will remain a secondary consideration in letting decisions, as the location of the office building in question is paramount.

 

 

 

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

*€/sqm net rent plus service charges and VAT
35.20 €

Top Rent

21.80 €

Average Rent

24.00€-35.50€ Mitte
24.00€-35.20€ Charlottenburg
25.50€-31.00€ Prenzlauer Berg
16.50€-22.20€ Schöneberg
15.50€-20.30€ Tempelhof

 

DAX companies are preferred tenants

Berlin's office market is moving steadily towards full occupancy. The vacancy rate continued to decline in the fourth quarter, reaching its current level of just 309,000 sqm. Based on a total office stock of 22.1 million sqm, this equates to a vacancy rate of 1.4%. Landlords are spoilt for choice when it comes to selecting their tenants, which is increasingly detrimental to companies not able to deduct input tax. Preference is given to DAX companies wishing to lease space for themselves or their subsidiaries, and to be considered at all, a tenant’s creditworthiness index should not exceed 250. In terms of the individual size categories, there is little difference in the numbers of leases concluded for units with < 1,000 sqm and > 1,000 sqm. This shows that the shortage of office space in central locations is becoming increasingly dramatic, even in the smaller size categories. For example, there are now at least ten enquiries recorded for every available office unit.

 

 

 

Run on new-build projects continues

The very good take-up of space in 2018 was due in part to the numerous lettings concluded in new-build projects. However, many of these lettings remain pending, particularly since construction projects not due to be completed until 2020 are still at the planning approval stage. The run on new-build projects will continue due to a lack of alternatives in the current office stock, thereby assuring the respective buildings of high pre-letting rates. Co-working will also remain a major topic in Berlin; however, this raises the question of whether and how co-working companies can survive in the office market if the current positive outline conditions change to their detriment.

 

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 30 23 08 28 - 0

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