Office
The total modern office stock currently adds up to 4.474.170 m2, consisting of 3.475.330 m2 category ‘A’ and ‘B’ speculative office space as well as 998.840 m2 owner occupied space. The office vacancy rate increased to 12,2 % which represents a 0,6 pps yearly decrease – compared to the previous year. Despite declining market dynamics, average rents in existing class “A” offices stayed stable while rental conditions became more flexible and incentives increased.