demand and new construction activities are expected to focus on sub-markets
close to the city centre, such as the financial district, downtown, Westend or
Messe/Europaviertel. Ultimately, the differences between the individual sub-
markets should intensify as a result and locations close to the city centre will
register higher rental and occupancy levels than those of non-central locations.
Assuming that the demand for office space focuses solely on Frankfurt’s
banking district and leaving out possible side-effects such as relocations within
the existing stock, expansions or a division of take-up over several years, the
current vacancy rate in the sub-market would be halved to under 6%.