Take-up in major German cities falls 29% in 2009

In 2009 approximately 2 million m[sup]2[/sup] of office space was leased in the five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich, according to a report by the German subsidiary of real estate adviser Savills. This corresponds to a reduction of 29% when compared to 2008. As a result, 2009 was one of the weakest years in the past decade in terms of take-up of office space, surpassed only by 2003 with a comparably low result.

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