Frankfurt

The highly qualified and enthusiastic specialist team in Frankfurt offer integrated solutions and professional advice to landlords when marketing their properties, as well as to tenants with regard to lease extensions, lease optimisation and new leases. In our office agency activities, our primary objective is always to enable our clients to make transparent, sustainable and plausible decisions.

Buying, renting or even building office space for your own needs?

This question also concerns you as a client. Using detailed analyses and our knowledge of whether a property is for sale or not (irrespective of official market information), we work with our clients to find possible purchase solutions for existing properties and projects. By working closely with our real estate investment and valuation teams, we enhance our knowledge and experience of owners and landlords of office space where required.

Frankfurt’s office market recorded an office space take-up of around 185,000 sqm in the first half of 2021, an increase of 33% year-on-year. Major lettings in project developments are driving momentum in the market. Letting activity has improved in recent months in the mid-size category. Office space take-up of 400,000 sqm is considered realistic for the year as a whole.

Vacancy rate continues to fall

A total of 860,000 sqm of vacant office space is currently available in the Frankfurt letting market, corresponding to a vacancy rate of 7.4%, 0.6 percentage points lower than at the beginning of the year. The situation in the Banking District is dramatic, with a vacancy rate is just 1.6%. A significant expansion of the supply of available office space in Frankfurt through new construction projects is not to be expected until 2020, and of the approx. 223,000 sqm to be completed in high-rise buildings, almost 74% has already been let.

Financial sector and consultants dominate

Once again, tenants from the financial sector and consultancy firms dominated letting activity. The public sector and property industry - primarily coworking space providers – were also strongly represented.

Prime rent rises, average rent falls

At the end of the second quarter of 2021, the average monthly rent in Frankfurt’s office market was €21.00/sqm. This has fallen since the end of 2020 (€22.00/sqm). The prime monthly rent is currently €46.50/sqm (2020: €46.00/sqm).An accurate overview of office rents in Frankfurt can be found on our rental price map. In total, 1.02 million sqm of vacant space is available to Frankfurt's office tenants. The vacancy rate is 8.1%.