Frankfurt's Office Market Poised for Record-Breaking Quarter

Major leasing deals by banks signal a potential rebound for Frankfurt's struggling office sector despite persistent challenges from remote work trends.

• Large-scale leasing agreements by ING and Commerzbank, totaling over 100,000 square meters, are set to drive record office space turnover in Frankfurt's first quarter of 2025.
• The Commerzbank deal involves a new headquarters in the Central Business Tower, consolidating 3,200 employees across 73,000 square meters starting in 2028.
• Frankfurt's office vacancy rate, which rose to 9.7% in 2024, may decline as demand for premium spaces in central locations increases.
• The shift to remote work since the pandemic has reduced overall demand for office space, but some companies are reversing course, emphasizing in-office presence.
• While modern office spaces in prime locations are in high demand, older or less central properties continue to face significant leasing challenges.

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