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
Konstantin Leonenko

Konstantin Leonenko

Junior Real Estate Advisor

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

Email
Rajkumar Angel

Rajkumar Angel

Real Estate Advisor

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

Email
Ufuk Sevimli, B.Eng.

Ufuk Sevimli, B.Eng.

Research Analyst

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

Email
Deming Lao

Deming Lao

Researcher

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

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
Yan-Li Chao, B.A.

Yan-Li Chao, B.A.

Marketing

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

Email

Real Estate Market Frankfurt

Half time in the Frankfurt office market

The record take-up performance in 2017 in the Frankfurt office market has been repeated over the first half of 2018. Lease contract negotiations carried over from the final quarter of 2017 and the current demand for large areas of contiguous office space in the >2,000 sqm size category in the CBD submarkets has resulted in a letting volume of 155,000 sqm in the first three months (+15.61% compared to the 1st quarter of 2017) and a half-year performance of 254,000 sqm (+2.4% compared to the first half of 2017). Prospective tenants are well prepared and are on the lookout for suitable space at an early date. There has been a further significant shift in the lead time curve back to a more normal level compared to the last two years, which shows that neither Brexit nor the high level of take-up in the previous year has yet resulted in either a rush on space or hastily concluded deals. Demand is stable and not focused on individual quality categories, but rather is more widely distributed. The larger size category was dominated by co-working space providers, followed by the financial sector in which the largest two lettings of the first half year were 8,250 sqm to the Finanzagentur and 5,300 sqm to the KfW. There are a number of noteworthy deals well in excess of 10,000 sqm expected over the second half of the year, including in the City West and Europaviertel districts.

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

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

Top Rent

20.00 €

Average Rent

32.00€-40.00€ Bankenviertel
32.50€-38.50€ Westend
21.50€-37.00€ Innenstadt
15.25€-21.00€ Hauptbahnhof

Vacancy continues to fall, robust office market

he Frankfurt office market is returning to a healthy vacancy level and is experiencing good take-up statistics without this necessarily signalling excessive volatility. Absorption and new-build are well balanced, which indicates that the letting market has not overheated. However, if the large-scale lettings expected for the second half year take place and there is no further compression of the lead time curve, the letting market cycle is likely to cool somewhat in 2019. There are also a number of outstanding large-scale project completions, which suggests that the vacancy rate could remain just below 8.5%, depending on transaction volume. The current vacancy rate is 8.6%. The robust overall conditions are also reflected in the rental price trends. The prime rent reached the €40.00/sqm/month mark and the average rent has risen to €20.00/sqm/month. They are likely to remain at this level until the end of the year, but effective rents are likely to rise by a greater degree. This confirms the trend from 2017 and there is ever more caution being exercised in granting incentives.
 

 

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Forecast for the full year 2018

The total full-year office take-up in 2018 is expected to be 620,000 sqm (-16.3% compared to 2017), which would be well above par at almost 30% in excess of the 5-year average. There will generally be a higher level of activity in the western submarkets. The high-quality space still available in the market will be taken up over the next half year, in particular by the banks/financial services and consultancy sectors. There are expected to be further smaller lettings attributable to Brexit, but these have not yet had as positive an effect on the overall market as was anticipated. In conclusion, the principal players in the current letting market will be responsible for a moderate fall in vacancy level and a stable prime rent up to the end of the 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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