PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
German office, retail rents falling, housing stable - DG Hyp
Office rents in Germany are likely to fall by around 5% this year, with the pace slowing only marginally in 2010, says Hamburg-based cooperative bank lender DG Hyp. It expects rents in Berlin, Munich and Frankfurt to show the steepest fall, but adds the current downtrend is nowhere near as severe as in 2001. Rents are likely to show an above-average decline this year in Berlin, Frankfurt, and in Munich. A growing number of tenants in Berlin are vacating prime locations for cheaper non-central and peak rents are also coming under severe pressure in other large locations. (see upcoming issues for full story)