Frankfurt Office Letting Market in H1 2024: Robust Demand and Positive Outlook
Steady Growth in Q1
The Frankfurt office letting market continues to demonstrate resilience and growth, with Q1 2022 showcasing positive results. Office take-up via lettings and owner-occupancy in the Frankfurt real estate market totalled around 107,100 sq m, indicating a strong demand for office space.
Robust Take-Up in H1 2024
In the first half of 2024, the Frankfurt office letting market, including Eschborn and OffenbachKaiserlei, is projected to witness continued growth. Market analysts anticipate a solid increase in office take-up, driven by the expansion of tech companies, financial institutions, and the public sector.
Forecast for Second Quarter
The second quarter of 2024 is expected to contribute significantly to the overall performance of the half-year period. Market research suggests that the Frankfurt office market will remain robust, with healthy demand and positive absorption rates. Office rents are expected to remain stable or slightly increase in desirable locations.
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