Vacancy rate at its lowest for 15 years despite moderate demand
Frankfurt currently has slightly more than 10 million m2 of office space, almost
half of which is located in the city centre and peripheral areas (e.g. The area
surrounding the exhibition centre known as Messe). Consequently, Frankfurt’s
inner city office market is equivalent to just 30-35% of office space in central
London.
However, the office stock is comparatively large relative to the number
of city centre inhabitants, which is reflected in the elevated number of
commuters. In the past 15 years the market featured large overcapacities, which
came about as a result of a substantial rise in the number of speculative
development projects in the late 1990s and early 2000s.
EU Forecast
euf:ba18.c:93/nws-01