In our Brexit baseline scenario outlined above, a relocation of 5,000
employees corresponds to a 2% increase in office jobs. Demand for office space
would increase accordingly. At the moment, the average office space per capita
is around 30 m2. However, this statistic may be distorted by older, inefficient
buildings and the average space per capita in the open-plan offices that are
customary in Frankfurt’s financial industry is more likely to be between 20-25 m2.
The relocation of 5,000 jobs could generate additional demand for office space
of 100,000 to 125,000 m2, which is equivalent to the space available in two to
three office towers in the financial district.