"Is German real estate facing a Brexit-style loss of confidence?"

"Take-up in the top 6 office letting markets has totalled 1.7 million sq m so far this year. This is 22% below the 10-year average. "

"Take-up in the top 6 office letting markets amounted to 1.1 million sq m in the first half of 2024."

"After the office lettings markets have faced numerous challenges over the past three years, more occupiers appear to be looking for new space again since the beginning of this year."

"No office is no solution - but neither is not working from home"

"Demand for space in the top 6 office letting markets remained low in Q3. In addition to the difficult economic environment and the shift towards hybrid working, the insolvencies of project developers are causing uncertainty."

"For a long time, office markets were remarkably robust in the face of many stress factors, such as the pandemic, inflation and recession. "

"While take-up in the top 6 office letting markets continued to decline in Q1 2023, rents continued to rise."

"As expected, the top 6 office letting markets lost momentum in the final quarter of 2022."

"The German top six office letting markets experienced both tailwinds and headwinds in the third quarter of the current year, with the former still predominating."