The question regarding the consequences of a Brexit for the EU, the United
Kingdom and Germany is expected to remain unanswered for some time.
The political uncertainties and exit scenarios range from a contentious separation to
a second referendum. At present, however, we can expect that Frankfurt will be
one of places to benefit most from a Brexit. In light of the differences between
the size of London and Frankfurt, London’s crumbs could become Frankfurt’s
pie. The relocation of jobs to Frankfurt is also likely to boost property demand.
The additional demand potential is welcome on the Frankfurt office market
because it will equalise structurally induced reductions in the financial sector
and will tend to lead to further reductions in vacancies and increase rents.
The assumed 5,000 office workers are likely to relocate to the highly priced sub-
markets close to the city centre.