The total take-up of office real estate in Berlin, Germany, declined to a 10-year low in 2023. In that year, the volume of office space sold or leased reached 541,000 square meters. The decrease can be explained by the effects of the coronavirus pandemic on office demand, the weakening economy, rising interest rates, and the effect of Russia's war on Ukraine. Across Europe, Germany's big four (Berlin, Munich, Frankfurt and Hamburg), were among the markets with the largest office take-up.
Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023
(in 1,000 square meters)
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BNP Paribas Real Estate. (January 19, 2024). Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/
BNP Paribas Real Estate. "Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters) ." Chart. January 19, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/
BNP Paribas Real Estate. (2024). Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters) . Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/
BNP Paribas Real Estate. "Take-up of Office Real Estate on The Commercial Property Market in Berlin from 2013 to 2023 (in 1,000 Square Meters) ." Statista, Statista Inc., 19 Jan 2024, https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/
BNP Paribas Real Estate, Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters) Statista, https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/ (last visited December 21, 2024)
Take-up of office real estate on the commercial property market in Berlin from 2013 to 2023 (in 1,000 square meters) [Graph], BNP Paribas Real Estate, January 19, 2024. [Online]. Available: https://www.statista.com/statistics/528195/office-real-estate-take-up-berlin-europe/
