Düsseldorf Office MarketView Q4 2019

03 feb. 2020

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  • Record result on the Düsseldorf office letting market
  • Turnover on the office letting market was 29% higher than in the previous year at 514,500 m²; of this total, the city of Düsseldorf accounted for around 471,000 m² (+37%)
  • Weighted average rent increases by 10% to € 16.71/m²/month; achievable top rent with moderate increase of 2% to € 28.50/m²/month
  • Vacancy rate continues to decline - only 6.6% of office space remains vacant
  • Completion pipeline for the coming years manageable and mostly already let
  • Product shortage should prevent a repeat of the record sale