The real estate market in Frankfurt reached a six-year high

The real estate market in Frankfurt reached a six-year high

The volume of real estate market in Frankfurt am Main has reached a six-year high. Amount of office space in theFrankfurtarea (including Eschborn and Offenbach Kaiserlei) reached 514,900 m2. For comparison, the best results were shown in 2007 (547,000 m2).

Compared with 2011 the rental property market in Frankfurt rose in 12 months by 20.6% and was higher than average mortality (466,400 m2) in the last 10 years, according to Property Magazine, referring to the real estate consulting company NAI Apollo group.

In geographical terms, the demand for office space was concentrated in the central regions of Frankfurt. Outside the center were preferred areas around the airport and Ostend.

It is expected that in 2013 the market of office space in Frankfurt will be somewhere between 427,000 m2 (2011) and 466,400 m2 (average 10-year rates).