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31 May 2012
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20 June 2012
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Berlin office market to hold stable, retail demand still high - Aengevelt
The Berlin office market will be largely stable in 2009 with sales of 420,000 to 450,000 sq.m., representing a slight drop from 2008 and a large one from the record years of 2006 and 2007 when more than 605,000 sq.m. was sold, real estate consultants Aengevelt said. In 1Q09, office sales slipped to 75,000 sq.m. from 85,000 sq.m. a year earlier, while new construction is expected to have climbed to 220,000 sq.m. from 175,000 sq.m. Top rents are seen easing gently to e21.50 sq.m. from e22 sq.m.