HIH Real Estate managed to sign a total of 29 new lease agreements for a total floor area of 16,000 sqm in Q2 2018. The largest of them was for 6,650 sqm at the Oper 46 asset in Frankfurt am Main by a co-working space provider. This brings the occupancy rate of HIH’s portfolio up to 98.6 percent. In addition, 16 leases for office accommodation with a combined floor area of 19,000 sqm were renewed. āThe largest rental by a co-working space provider illustrates the dynamic in this market segment. In some cities, the segment accounts for up to 20 percent of the new rentals,ā said Ken Kuhnke, Head of Lettings Management at HIH Real Estate. According to Kuhnke, the stable economic situation and the growth in new jobs has driven demand for office space, even beyond inner-city locations.
Picture: HIH Real Estate
