According to a recent CBRE report, Q1 take-up in Berlin’s office market reached 134,900 sqm marking a 58 percent jump over the same period last year. However, the total level of vacant space rose slightly to 1.54 million sqm or 8.6 percent. In the same period, the total stock of space diminished slightly to 17.8 million sqm.
Prime rent was stable at €22.50/sqm/month while the weighted average rent dropped around 1 percent y-o-y to €12.89/sqm/month.
