Frankfurt

Advisor for Frankfurt's Tenants - Since 2014

The highly qualified and enthusiastic specialist team has been put together by board member Volkmar Begemann. The head of Angermann’s Frankfurt office has many years’ experience in the city’s office market and can boast an impressive record of accomplishment. His expertise in large-scale lettings, particularly in high-rise buildings, has been sharpened by his subsequent nationwide activity as Director of Asset Management with a fund initiator. Amongst other assignments, he assumed the role of overall project leader for a high-rise development in Munich. His earlier career concentrated on numerous lease extensions and new lettings in Frankfurt, Dusseldorf and Munich.

Our clients benefit from this core experience in consultancy and owner representation. We 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.

 

  • Our Services
    • Landlord rep
    • Tenant rep
    • Sell side consulting
    • Buy side consulting
    • Optimisation of value
    • Analysis of clients’ needs (development of an individual requirements profile)
    • Preparation and compilation of data as a basis for the proposed course of action
    • Transparent market overview for the presentation of alternative scenarios
    • Property comparison on the basis of scoring models
    • ‘Stay vs. move’ analyses
    • Assistance with individual space layout planning
    • Area analysis based on space efficiency (e.g. sqm/workspace)
    • Analysis of lease contracts and lease offers (market conformity, hidden costs and much more)
  • Benefits of our Advice
    • Highly competent negotiations
    • Many years of experience and extensive track record of successful leasing transactions
    • Many years of management experience representing landlords (understanding of the lessor’s viewpoint)
    • Advisors have up-to-date qualifications
    • Taking time to optimise results
    • Transparent working practices
    • Up-to-date information

Finden Sie jetzt Ihre perfekte Immobilie

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Team

Your office agency team Frankfurt

Volkmar Begemann, M.A.

Volkmar Begemann, M.A.

Board Member

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-0

Email
Thorsten Würschinger, M.A.

Thorsten Würschinger, M.A.

Real Estate Advisor

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-12

Email
Ron Klotsch, B.Sc.

Ron Klotsch, B.Sc.

Real Estate Advisor

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-34

Email
Can Kahraman, B.Sc.

Can Kahraman, B.Sc.

Real Estate Advisor

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0)69-5050291-17

Email
Nicolai Bösinger

Nicolai Bösinger

Real Estate Advisor

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-14

Email
Jason Ripps

Jason Ripps

Real Estate Advisor

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-13

Email
Konstantin Leonenko

Konstantin Leonenko

Researcher

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-11

Email
Hasan Cavas

Hasan Cavas

Researcher

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-15

Email
Kerstin Krüger

Kerstin Krüger

Assistant

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-31

Email
Dajana Canic, B.Sc.

Dajana Canic, B.Sc.

Assistant

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-33

Email
Samira Christ

Samira Christ

Assistant Presentation-Marketing-Research

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-30

Email
Sara Gjore

Sara Gjore

Working Student

Guiollettstraße 48, 60325 Frankfurt/Main
+49 (0) 69-5 05 02 91-16

Email

Real Estate Market Frankfurt

Higher rental level than expected

At around 275,000 sqm, take-up in the Frankfurt office market was higher than forecast at the beginning of the year, increasing by 8% year-on-year. The take-up result was influenced significantly by the conclusion of several large leases, which included a deal with Deka for approx. 45,000 sqm in Niederrad and a lease extension by KPMG at the airport, which also involved an expansion of their premises to around 50,000 sqm. There were a number of smaller lettings also in the five figure range, including by Randstad (approx. 14,800 sqm) and Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH (approx. 11,000 sqm), both in Eschborn. In the first half of 2019, the highest number of deals in terms of area were therefore concluded in peripheral locations. There is little contiguous office space with over 10,000 sqm to be found in the CBD office locations.


Office rents rise on average by over 2%

There was a rise in the average rent from €20.50 to €21.00/sqm/month, corresponding to an increase of over 2% compared to the fourth quarter of 2018. The strong demand in the premium segment and in new construction projects in the CBD submarkets led to a noticeable increase in the prime rent to €44.00/sqm/month. The current tendency of owners to grant fewer incentives to office tenants has been reaffirmed in the past six months.

 

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

*€/sqm net rent plus service charges and VAT
44.00 €

Top Rent

21.10 €

Average Rent

32.00€-44.00€ Bankenviertel
23.50€-38.50€ Westend
21.50€-40.00€ Innenstadt
15.25€-21.00€ Hauptbahnhof

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.

 

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Forecast for the full year 2019

Although there are still signs that high volume transactions of well over 10,000 sqm will be concluded in the second half of the year, the take-up result for 2019 as a whole is expected to be lower than in the previous year. A cyclical slowdown can be assumed for the forthcoming six months. Moreover, there are no signs of further large-scale lettings resulting from the UK’s imminent exit from the EU. Nonetheless, office space take-up in 2019 as a whole is expected to reach 590,000 sqm, significantly above the 10-year average of 491,000 sqm, ensuring the Frankfurt office market of a good year.

 

Contact

Your direct point of contact to identify and secure office space in Frankfurt:

Angermann Real Estate Advisory AG

Guiollettstraße 48
60325 Frankfurt/Main

Tel.: +49 69-5 05 02 91-0

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