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of €11.50 per sqm. Prime rents in Darmstadt have also remained unchanged at around €13.00 per sqm.
Rental concessions for new and renewed leases have remained stable with 6-12 months rent free periods depending on the
lease terms and average tenant improvement budgets of €200-250 per sqm.
German
Market Review
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FORECAST FOR OFFICE SPACE
PRIME YIELDS - OFFICE PROPERTY SECTOR IN GERMANY
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6.00%
4.75%
4.00%
4.75%
4.90%
4.75%
4.50%
5.10%
4.30%
4.00%
4.50%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Berlin
Düsseldorf
Frankfurt
Hamburg
Munich
Stuttgart
2015
2014
4.00%
3.75%
33
IREIT Global
ANNUAL REPORT 2015
