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
Can Kahraman

Can Kahraman

Real Estate Advisor

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

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
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

Real Estate Market Frankfurt

Continued strong letting performance in Frankfurt’s office market

Frankfurt’s office market remained on track for success in 2018 and even exceeded the positive half-year forecast. With take-up of 636,000 sqm (-14.2% compared to 2017), the second-best result of the past 10 years was achieved; in fact, the 10-year average has increased to 491,000 sqm due to the high level of letting activity over the past three years. The market was also significantly boosted by the three largest deals this year, all of which were concluded in the second half-year. The new deals concluded by Deutsche Bahn (67,000 sqm) and Commerzbank (36,243 sqm), and the announced move of BNP Paribas’s German headquarters (30,000 sqm) accounted for 20.9% of total annual take-up. While approx. 254,000 sqm of office space was leased in the first six months, take-up increased to around 382,000 sqm in the second half of the year. The share of major transactions (> 10,000 sqm) in the total take-up result increased noticeably compared with the previous year, rising from 22.0% to 37.6%. Deals in the 5,000 - 10,000 sqm size category accounted for 20.7% of take-up, followed by the 2,000 - 5,000 sqm segment with 17.5%.

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

*€/sqm net rent plus service charges and VAT
41.50 €

Top Rent

20.50 €

Average Rent

32.00€-41.50€ Bankenviertel
24.00€-40.00€ Westend
21.50€-38.00€ Innenstadt
15.50€-26.00€ Hauptbahnhof

Dwindling supply of vacant office space

The vacancy rate in Germany’s financial capital also decreased in response to the sustained high take-up and corresponding absorption of office space. With just 950,750 sqm of office space available at short notice, the vacancy rate is now at its lowest level for the past 10 years; the current vacancy rate is 8.0% based on a total office stock of 11,884,000 sqm. Conversely, there was a noticeable rise in office rents compared to the first half of 2018. Due to the sustained strong demand in the high-quality segment and for new-build projects, the prime rent increased from €40.00 to €41.50/sqm, and there was a rise in the average rent from €20.00 to €20.50/sqm.

 

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Forecast for the full year 2019

Despite the good letting performance of the past two years, Frankfurt’s office market will cool down cyclically in 2019. This trend could be exacerbated further by an emerging slowdown in economic growth. Less office space will be available in the market at short notice due to the high volume of pre-lettings in projects completed in 2019. As a result, vacancy rates are likely to fall further or stagnate. A significant rise in the highest rents for office space appears unlikely at present.

 

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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