BERLIN—Cushman & Wakefield says that Berlin's office market experienced a spectacular start to the new year.
The new lease volume in the German capital totaled around 1.6 million square feet (152,000 square meters) in the first three months, which represents the highest lease volume ever recorded for the first quarter in Berlin.
That figure is also around 20% higher than the same period in the previous year (127,000 m²). The numbers are even more impressive when viewed in light of the ten year average. Since 2004, the average new lease volume for the first quarter stands at 119,100 m², which is 52% below the office space volume for this year.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
