Take up of office real estate in Frankfurt, Germany 2013-2023
The gross volume of office real estate leased or sold in Frankfurt, Germany, peaked at 810,000 square meters in 2017 but has since decreased. In 2023, the office real estate take-up amounted to 394,000 square meters, which was a decrease from the previous year, but still above the levels recorded in 2020 when the coronavirus (COVID-19) pandemic broke out. Meanwhile, most of the major European markets observed a decline in office take-up in 2023.