- Pressemitteilung BoxID 683087
Big-Seven Cities Show Lively Transaction Activity and Exceptionally High Letting Volumes
Guido Nabben, spokesperson of German Property Partners (GPP), comments on the real estate business in 2017 and provides an outlook for its future development
Owing to robust economic data and bright prospects, the office rental market in German conurbations also appears to be having another great year. A similar situation presents itself in many B and C Class cities. By the end of 2017, the lettings total in the Big Seven cities could add up to a total of around 3.8 million sqm. The growth is driven by companies from every kind of industry. Since the development of new properties can rarely keep up with demand, the shortage in available floor space in this segment will persist at least through 2019. Political or economic developments, such as the Brexit and its significance for Frankfurt or the progressive transition to electric mobility in automobile manufacturing in the car-making hub of Stuttgart, will probably provide additional stimulus to the demand for space in the short and medium term.
At this point, premises in the sought locations and size categories are in short supply in all of the cities. So this is likely to keep driving up the rent level. Whether you are seeking to buy or rent, the availability of suitable properties or premises has become very limited – especially if you are looking for large-scale accommodation. With this in mind, commercial real estate service providers are well advised to combine local competence and expertise with coverage of the entire German market.
Grossmann & Berger GmbH
German Property Partners (GPP) is a nationwide network of property service providers in the commercial segment which are leaders in their local markets. These comprise Grossmann & Berger, ANTEON Immobilien, GREIF & CONTZEN Immobilien, blackolive advisors and ELLWANGER & GEIGER Real Estate. The network's greatest strengths are in-depth knowledge of local markets, the long service history of the partner companies' real estate consultants and the strong personal commitment of the owners and directors. The network is represented by offices in Hamburg, Berlin, Düsseldorf, Cologne | Bonn, Frankfurt, Stuttgart and Munich. It offers services in matters of property investment and commercial lets, in the property management, valuation and research business, plus banking, financial and administrative services. Currently more than 380 property experts act for German Property Partners. Nationwide, the network brokered lets in 2016 involving 452,000 m² of commercial property and managed transactions totaling €1.6bn. [www.germanpropertypartners.de]
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