"The retail sector has been undergoing structural change for many years and the COVID-19 pandemic has further exacerbated the situation for many retailers."

"Over the 10 years, the top seven cities, i.e., Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich and Stuttgart, have accounted for around three quarters of the overall office transaction volume in Germany."

"When the markets are performing well, subletting plays a rather minor role and is something of a peripheral issue."

"The change on the real estate market raises many question marks for the established property sectors."

"All players in the German real estate investment market have now had to adapt to the new market conditions for a whole year. The number and structure of active market participants has also changed since the outbreak of the pandemic."

"For decades, people have been moving out of cities and into the suburban areas. Traditionally, this has been families, whose desire for their own home can be primarily satisfied in surrounding areas."

"The market for logistics property continues to boom. "

"Approximately 5.5 million sq m of office space will be completed in the top six office markets over the next three years."

"The coronavirus pandemic has delivered the most extensive home office experiment in history."

"The COVID-19 pandemic has caused a deep recession over the last year."