Hamburg

Quality for Hamburg's office tenants – since 2001.

What trends characterize the use of space in my industry? How much office space will I need in three years? Are there better offices in Hammerbrook than St. Georg? Are office rents higher in the center of Hamburg than in HafenCity? These are just some of the questions that concern you as a renter of office space and that we answer every day together with our customers, always with a view to the optimum office for our customers and a transparent, audit-proof decision. The size of the office space you ask about is unimportant to us because we advise startup companies and large renters alike. We know the requirements of our target groups.

Making quality transparent for our clients

All advisors are faced with the task of convincing prospective clients of the quality of the services they provide, even before mandates are awarded. This is why we make the quality of our services transparent to our clients through our teams of highly-qualified and loyal employees, our detailed preparation of information about office space in the market, and our experience of letting space of all sizes.

Buy, rent or build yourself?

When looking for new office space, we do not focus solely on the letting mandate, but also weigh up the advantages and disadvantages of an acquisition or development of your existing premises. We work with you to analyse your best options, and develop possible purchase scenarios for existing properties or projects. Working together with our real estate investment and valuation teams, you have all the knowledge and expertise of Angermann Real Estate at your disposal.

The Hamburg office market at a glance

We undertake comprehensive research of the office market in order to be able to provide you with detailed information about your dream property. Our research team records all leases concluded in the city, and regularly compiles this and other information in our office market reports.

Finden Sie jetzt Ihre perfekte Immobilie

von
bis

Team

Your office agency team Hamburg

Sami Steinbach

Sami Steinbach

Chairman

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-220

Email My XING Profile
Pia Baguhn

Pia Baguhn

Director

ABC-Straße 35
+49 (0) 40 349 14-211

Email My XING Profile
Johannes Welker

Johannes Welker

Senior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-228

Email My XING Profile
Jens-Simon Langhoff

Jens-Simon Langhoff

Senior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-215

Email My XING Profile
Kamil Smietanowski

Kamil Smietanowski

Senior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-196

Email My XING Profile
Lena Wichelmann

Lena Wichelmann

Senior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-114

Email My XING Profile
Hannes Schönfeld

Hannes Schönfeld

Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-245

Email My XING Profile
Nikolina Emanuela Malek

Nikolina Emanuela Malek

Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-227

Email My XING Profile
Simon An

Simon An

Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-121

Email
Matthis Rabels

Matthis Rabels

Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-201

Email
Frederic Schönleben

Frederic Schönleben

Real Estate Consultant

ABC-Str. 35, 20354 Hamburg
+49 (0) 40 34914-165

Email
Cedric Lenk

Cedric Lenk

Real Estate Consultant

ABC-Str. 35, 20354 Hamburg
+49 (0) 40 34914-194

Email
Jannis Riemann

Jannis Riemann

Junior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-226

Email My XING Profile
Alexander Christian Leicher

Alexander Christian Leicher

Junior Real Estate Consultant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-250

Email
Maximilian von Guilleaume

Maximilian von Guilleaume

Trainee

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-138

Email
Schoeib Achteri

Schoeib Achteri

Trainee

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-131

Email
Mussawar Azami

Mussawar Azami

Trainee

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-253

Email
Laura Marie Ahlert

Laura Marie Ahlert

Project Manager

ABC-Straße 35
+49 (0) 40 349 14-115

Email My XING Profile
Laura Schwalfenberg

Laura Schwalfenberg

Project Manager

ABC-Straße 35
+49 (0) 40 349 14-112

Email
Jeanette Harting

Jeanette Harting

Executive Assistant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-203

Email
Maike Helms

Maike Helms

Team Assistant

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-217

Email
Julia Höpfner

Julia Höpfner

Trainee Office Management

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-224

Email
Katrin Perlitz

Katrin Perlitz

Researcher

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-127

Email
Nadja Göing

Nadja Göing

IT-Project- and Application-Manager

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-102

Email
Sonja Koesling

Sonja Koesling

Assistant Application-Management

ABC-Straße 35
+49 (0) 40-349 14-243

Email
Christina Mausolf

Christina Mausolf

Art Director Social Media & Marketing

ABC-Str. 35, 20354 Hamburg
+49 (0) 40 349 14-182

Email
Christian Schön

Christian Schön

Head of Public Relations

ABC-Straße 35, 20354 Hamburg
+49 (0) 40 349 14-122

Email My XING Profile

Real Estate Market Hamburg

High demand for the declining supply of office space

Office take-up has remained above the ten-year average of 533,000 sqm since 2014. While an above-average volume of lettings of around 544,000 sqm was registered in 2019, the result for the first quarter of this year was 6% lower than the corresponding period last year. A precise forecast for 2020 is difficult to make because of the gap between supply and demand. Around 169,000 sqm of office space was newly let in the first half of 2020.

 

 

0 %

Shortage of space requires timely relocation planning

Many of today's office users attach increasing importance to the high fit-out specification of their future offices and are prepared to agree higher rents in return. The well-being of the employee in the workplace is becoming more important and increasingly large budgets are being made available for lounges, interior design, terraces, acoustic and air conditioning measures.

Nonetheless, companies looking to secure office space must anticipate a greater level of competition and it is therefore advisable to allow sufficient time and flexibility for the realisation of any relocation plans. The larger the premises required, the longer the lead-in time needs to be. For example, a period of at least 24 months is required for searches for units larger than 3,000 sqm.

Just 400,000 sqm of office space in the Hanseatic city is vacant. Based on a total office stock of around 13.8 million sqm, this corresponds to a vacancy rate of 2.9%, too little to meet current needs.

 

 

 

 

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

*€/sqm net rent plus service charges and VAT
32.00 €

Top Rent

17.90 €

Average Rent

14.00€-35.00€ City
10.00€-17.50€ City Süd
18.00€-30.00€ HafenCity
8.50€-16.00€ Bahrenfeld
12.50€-20.00€ Altona/Ottensen

 

Prime and average rents rise

As forecast at the end of last year, rents rose again following their temporary standstill in the second half of 2019. For instance, the average monthly office rent increased from €17.20 to €17.90/sqm in the first half of 2020 and there has been a rise in the prime rent from €29.00 to €32.00/sqm.
Asking rents in the City submarket ranged from €14.00 to €35.00/sqm, in HafenCity from €18.00 to €30.00/sqm, in West of the Alster from €12.00 to €20.00/sqm and in City South from €10.00 to €17.50/sqm. An accurate overview of office rents in Hamburg can be found on our rental price map which is updated quarterly.

 

 

Where is the most office space rented?

Altona/Ottensen
6.600
Bahrenfeld
19.500
HafenCity
21.000
City Süd
28.300
City
45.900

 


Real estate industry accounts for the highest volume of lettings - City leads the location rankings

With take-up of around 31,500 sqm, City retained pole position in the location ranking at the beginning of 2020. The subsequent places were assumed by HafenCity with around 17,200 sqm and City South with around 12,200 sqm. The most active sector was the real estate industry with around 18,400 sqm, followed by the service sector in second place with around 11,500 sqm. In the first quarter of this year, most leases (56) were concluded in the 250-700 sqm size category; nonetheless, at around 27,700 sqm, this category accounts for just 22% of the total take-up result. At 45% (around 75,300 sqm), the ˃1,500 sqm size category accounted for the highest proportion of take-up with 25leases concluded. Contracts for premises larger than 10,000 sqm failed to materialise in the first half of 2020; this compares unfavourably with the corresponding period last year when 33 leases were concluded in the ˃1,500 sqm size category. The resulting take-up was around 195.000 sqm.

 

Contact

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

Angermann Real Estate Advisory AG

ABC-Straße 35
20354 Hamburg

Tel.: +49 40 34 34 36

Follow us

Blog
Facebook
Instagram
Xing
Twitter
linkedIn
Newsroom

*Required Field

Follow us

Blog
Facebook
Instagram
Xing
Twitter
linkedIn
Newsroom

Logo der Angermann-Gruppe Ein Unternehmensbereich der Angermann-Gruppe