Q2 take-up of 84,900 sqm is higher on a sequential basis, but well below the long-term average
Space take-up in the first half of 2023 falls to ten-year low of 147,000 sqm
Low market activity in new project developments
Big deals see significant fall in take-up, but demand is highest for spaces larger than 10,000 sqm
Warehouse and logistics service providers are the most active users in the first half, followed by retailers
Sub-markets in south and east account for highest take-up shares
Outlook: difficult market environment, but demand for space continues to exceed supply; new projects are additionally hampered by high construction and financing costs; further rental increases are likely
Transaction volume reaches only €2bn in the first quarter of 2023 owing to subdued market activity and an absence of mega-deals
Trading in project developments weakens after previous record results
Asset Managers & Funds Managers are now the strongest buyers as well as the second most active sellers after Project Developers & Contractors
German investors remain dominant on the buy-side despite a decline of over 50 %
Outlook for 2023: Uncertain market environment and cautious attitude among investors makes it more difficult to provide forecasts; the price negotiation phase is still ongoing, and the expected transaction volume will be lower than in previous years as a result
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.
Space-take-up of 91,000 square metres is 34 percent below level of the previous year
Lack of space remains problematic; economic downturn puts brakes on market activities at beginning of year
Market activity characterised by large-scale leasing
All segments experiencing declines in take-up; large space segment remains strongest
Retail companies with largest take-up share
Forecast 2020: specific consequences of COVID-19 crisis difficult to predict; however, negative impact presumably less severe compared to other commercial real estate groups
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.
