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Berlin: office space is growing rapidly

Berlin is experiencing a steady influx of businesses and people. The demand for offices in Berlin has therefore grown rapidly in recent years. The office rental market is tense, but real estate providers have responded. In 2021, nearly 8 million sqft of new office space will be completed. The market is expected to grow strongly again in the coming year. According to experts, a slight decline is not expected until 2023, as this infographic made together with Berlin Partner shows.

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Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters)
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Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023
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Prime rent for office real estate in Berlin, Germany, from 2013 to 2024 (in euros per square meter per year)
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Total stock of office space in selected cities in Germany in 2022 (in million square meters)
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Take-up of office real estate in Germany from 1st quarter 2014 to 4th quarter 2023 (in 1,000 square meters)
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Rental growth rates of office space in selected cities worldwide from 2018 to 2021

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