Germany’s eight biggest cities recorded 650,000 m2 of take-up in the first quarter, a 2% rise on the same period last year, according to BNP Paribas Real Estate.
Take up during the first quarter of 2010 was boosted by a 90,000 m2 letting of Vodafone in Düsseldorf.
“Against the background of further good perspectives for the German economy and job market, everything points to continuing demand,” said Peter Rösler, chairman of BNP Paribas Real Estate in Germany.
Cologne, Leipzig and Düsseldorf reported lower take-up than last y ear, with falls ranging from 26% to 43%. Frankfurt saw the strongest rise in take-up (64%) followed by Berlin (27%) and Essen 11%).
Prime rents rose 2%. Rents in Berlin fell 9%, but rose in Frankfurt (3%).
