Office
The total modern office stock currently adds up to 4.455.615 m2, consisting of 3.604.010 m2 category ‘A’ and ‘B’ speculative office space as well as 851.605 m2 owner occupied space. The office vacancy rate increased to 14,1 % which represents a 0,8 pps yearly increase – 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.