Wait-and-see attitude among market participants and a decline in mega deals cause drop in transaction volume
Below average sales in fourth quarter of €2.9bn
Project developments maintain high market share and account for 42.6 % of transactions
“Open-Ended Funds / Special Funds”remain most active buyers
German investors continue to dominate the market despite a noticeable decline
Forecasting for 2023 remains difficult, especially because the gap between seller expectations and buyer budgets is still too wide; ESG compliance is of mounting importance; new buildings remain in demand, but are associated with high building and financing costs, whereby attention is shifting to properties with development potential
Space take-up of 381,600 sqm in 2022 is well below comparative medium- and long-term average results
Banks, financial service providers and insurers account for a quarter of take-up and play dominant role
Banking district accounts for highest share of market activity
Vacancy rate broadly stable at 7.5 %
Rents are on an upward trend: Prime rent stable at €46.00/sqm while average rent increases to €23.90/sqm
2023: Outlook is moderately optimistic owing to the recent improvement in economic forecasts; ecological sustainability is of growing importance; decreasing space requirements owing to hybrid working models
Frankfurt am Main, 5 May 2022 – On 1 May 2022, Justin Krone became Principal Consultant Investment at NAI apollo. Most recently, Krone worked as an Associate at Eastdil Secured. Holding Bachelor's degrees in Political Science and Law, he completed his Master's studies in real estate business with an international focus at Oxford Brookes University.
Frankfurt am Main, 8 April 2020 – Blitz Spedition has leased 2,000 square metres of warehouse and office space and around 6,000 square metres of outdoor storage space in Breitefeld 13, 64389 Münster (near Dieburg) from a private owner. The forwarding company will use the new area for expansion in the medium term. The plot, formerly a large joinery, is now fully let. NAI apollo provided support to the both the lessee and the lessor during the transaction.
Frankfurt am Main, 3 March 2020 – NAI apollo is expanding its activities as an operating partner in investment and asset management for national and international investors. In apollo real estate management GmbH, the Group structures investments for national and international family offices, high-net-worth individuals and institutional investors. NAI apollo also provides its customers with comprehensive asset management services during the management phase. To do this, Guido Spahn (50) has now joined the Group as Head of Asset Management. At the same time, Andreas Wende has taken over from Andreas Krone as Managing Partner of apollo real estate management GmbH.
Frankfurt am Main, 18 February 2020 – Hyundai Motor Deutschland GmbH has leased a warehouse spanning 500 square metres in Elsenfeld. The owner of the premises is a private individual. Hyundai will use the new space for a pilot project geared towards the digital presentation of new vehicles. NAI apollo provided support to the automotive manufacturer during the leasing process.
In 2019 the warehouse and logistics space market in the Rhine-Main region registered its lowest take-up result in recent years. Total take-up by tenants and owner-occupiers amounted to 478,000 sqm. In the period since 2011, annual results have exceeded at least 500,000 sqm and in three cases even 700,000 sqm. Last year’s result is also 20.6 % below the 10-year average (602,000 sqm). The decline was even greater compared to the previous year’s figure of 741,000 sqm — the third-best result of all time.
Frankfurt am Main, 27th January 2020 – In 2019 the Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei registered a total take-up of 573,800 sqm by tenants and owner-occupiers, according to the latest analysis by owner-managed real estate consultancy NAI apollo.
“Take-up on the office lettings market was almost a fifth above the ten-year average of around 485,000 sqm for the years 2009 to 2018, making 2019 the third-best year in the current cycle,” said Andreas Wende, managing director of NAI apollo.
Frankfurt am Main, 22 January 2020 – The investment market for residential portfolios in Germany achieved its second-highest annual result in 2019 after the record year of 2015, according to the latest report from owner-managed real estate consultancy NAI apollo. Owing to the much higher transaction volume in the second half of the year (€11.1bn compared to €8.1bn in the first six months), the total traded volume generated by the completion of 390 deals in 2019 amounted to €19.2bn. This was €0.6bn above the very good result for the previous year. The transaction volume in the past three months again exceeded the €5bn mark with €5.3bn, representing the second-strongest quarter of 2019.