Germany is home to four of the 10 hotspots in continental Europe expected to see strong office rental growth in the next two years, according to a new report on the European office market by advisor JLL.
Located outside prime areas, each of the 10 submarkets offers a combination of solid property fundamentals, strong occupier demand and a catalyst that differentiates the market, the report found.
The four German hotspots expected to see strong rental growth are the city centre and city centre edge in Stuttgart; Hauptbahnhof-Europacity, Mediaspree & Mitte in Berlin; East Munich, and the banking district and City in Frankfurt.
Two Spanish submarkets also feature, with Mendez Alvaro in Madrid and Placa de les Glories in Barcelona. Other submarkets are found in Amsterdam, Paris, Luxembourg and Stockholm
The full list of office rental growth hotspots for 2017 are:
- Solna/Sundyberg, Stockholm, Sweden
- Mendez Alvaro, Madrid, Spain
- City & City Centre Edge, Stuttgart, Germany
- Hauptbanhof-Europacity, Mitte & Mediaspree, Berlin, Germany
- 22@ - Placa de la Glories, Barcelona, Spain
- East Munich, Germany
- Amsterdam South East & Utrecht Central Station, Amsterdam & Utrecht, Netherlands
- Paris 12/13, Paris, France
- Banking District & City, Frankfurt, Germany
- Kirchberg, Luxembourg City, Luxembourg