TECH Company Boom in Berlin helps lower Commercial Vacancy rates – says Wall Street Journal

Wooden Ceiling of 19th century Berlin Apartment – photo Next Estate

 

TECH Company Boom in Berlin helps lower Commercial Vacancy rates – says Wall Street Journal.

In an article entitled „Tech Companies Flock to Berlin -City now vies with London as startup capital of Europe“  the American Wall Street Journal wrote today about the up-coming real-estate potential of the city.  http://www.wsj.com/articles/tech-companies-flock-to-berlin-1444123800

The article mentions that demand has been driving down office vacancy to the present 4.3% as of the second quarter, with about 800,000 square meters citing figures from Colliers. By comparison, the vacancy in 2011 was circa 8%.

While we at Next Estate sell mainly residential real-estate in Berlin, this corresponding growth in the need for commercial properties runs parallel to housing and rental needs in Berlin.

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