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Frankfurt am Main office market: space take-up reaches highest level since 2007

Frankfurt am Main, 03.01.2017 – Business remained brisk on the Frankfurt market for office space (including Eschborn and Offenbach-Kaiserlei) in the final quarter of 2016. According to the latest analysis by real estate consultancy network NAI apollo group, a large number of contract signings took place during this period and thus ensured that take-up growth exceeded the positive results from the previous quarters. "Space take-up by tenants and owner-occupiers amounted to 193,700 sqm in the last three months of 2016. Compared to the previous year, this represents an increase of 79,200 sqm or 69.2 %," according to Radomir Vasilijevic, Head of Office & Retail Letting at NAI apollo group. Total office space take-up in 2016 as a whole reached 540,900 sqm, which was not only 37.3 % higher than the previous year's level of 394,000 sqm but also constituted the best result since 2007 (547,000 sqm).

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