We expect a slight overall increase in office employment and demand for space
by 2020. In our current rather conservative projections for rental growth, which
have already factored in a Brexit, we expect average rental growth of 2% for
prime office space per year by 2020.
However, compared to our previous
projections, rents for the period 2018-2020 are still growing by twice as much.
As a result of qualitative requirements, but also because of Frankfurt’s relatively
low rental level in an international comparison – which is significantly lower than
in Paris, Luxembourg and even Dublin – high-quality properties close to the city
centre especially should benefit from relocations to Frankfurt.