Oktober 7th, 2015
TECH Company Boom in Berlin helps lower Commercial Vacancy rates – says Wall Street Journal
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.
Next Estate GmbH is a Berlin based Real Estate company that focuses on the local Berlin real estate requirements of clients in Germany and worldwide.
Next Estate serves both the local German market and International clientele and our staff speak and deal with our clients in German, English, French, Italian and Spanish. https://www.next-estate.de/en/immobilien/home/