- Economic Outlook: Germany’s economic fundamentals remain robust – positive outlook for employment, income and consumption

- Investment Outlook: Strong performance on the letting markets is keeping demand high, especially for office, logistics and residential property

- Office Market Outlook: Consistently high demand for office space will ensure that the market will quickly absorb growth in the pipeline

- Retail Outlook: Selectivity increasingly set to become the key to successful investment and trading strategies in retail

- Residential Outlook: In view of the lack of existing stock, property developments and securing them by way of forward deals gaining importance in the market for student halls of residence and micro living

- Logistics Outlook: Logistics properties in hot demand but supply is tight in the market – yet another reason why corporate real estate is attracting more investor attention than ever

- Hotel Outlook: Unabatedly strong demand on the German hotel investment market coincides with limited availability – property developments highly desirable

- Care Home Outlook: The German market for healthcare properties evidencing steady growth. Care homes offer an attractive investment alternative and are in growing demand

• For the first time, a take-up of 7.0m sq m of space was recorded on the German logistics market, 7% more than in the same period of the previous year.
• There is a shortage of space on the logistics real estate market - and at the same time the previous record of 6.7m sq m in 2016 was exceeded. The frequently reported shortage of space describes the situation in the 23 German logistics clusters. In 2018, users have shown that they are also prepared to move to other regions where large, inexpensive plots are still available.
• The market in 2018 was driven by take-up in property developments. At 4.4m sq m, they accounted for 63% of total take-up.
• Since the take-up of owner-occupiers has remained largely stable with a slight decline of a good 3% to 2.3m sq m, most of the growth is focused on the letting market.
• The market shows no signs of slowing on the demand side. Even the limiting factors on the supply side are unlikely to change fundamentally over the course of the year.

• Dynamic development of office letting market ongoing – take-up 6% higher y-o-y
• Sustainably achievable prime rent increases; average rents also on the rise
• Virtually no speculative developments – vacancy rate unchanged y-o-y
• Record volume on Düsseldorf’s investment market on the back of numerous large-scale deals
• Prime yield stays at 3.30% – further yield compression outside the CBD
• Outlook: full-year result of around 400,000 sq m anticipated in 2019

• Transaction volume of €10.6bn marginally above the long-term average but down 24% year on year
• Merger between Kaufhof and Karstadt dominates the market in 2018
• Investors focusing on retail warehouse properties – share of 42% in the retail transaction volume
• Yield compression in the retail warehouse segment intensifies

• Record result on the German commercial investment market
• Commercial real estate investment market sets new record at around €60.2bn
• Investors focusing on real estate centers – share of Top 7 investment markets in the transaction volume climbs to 60%
• Office investment as the dominant asset class delivers new record result of €32.0bn
• Prime yields generally stable – large-scale retail and logistics properties display further yield compression
• Outlook: investment activities at an ongoing high level – supply shortage as the factor of constraint

• Positive trend in consumer spending at a time of favourable economic conditions
• Retail sector reports strong turnover growth in both bricks-and-mortar and online segments
• Total sales area remains at the previous year’s level
• Superstores and drugstores are the most expansive operation types
• E-commerce is mainly a sales channel for the non-food sector
• Improved letting market over the first half of 2018
• Retail warehouses and retail parks are the most popular property types in the investment market
• Significant scarcity of product results in further pressure on prime yields
• Expert survey shows more optimistic view of bricks-and-mortar retail
• Greater focus on value-add and opportunistic investments

-  Industry 4.0, Big Data und Iot – growing requirements placed on the digital infrastructure

- The fourth Industrial Revolution – the growing need for data Centres

- IoT and Big Data will prompt a massive increase in the data volume in the future as well

- Requirements placed on computing power set to increase

- Great challenge: electricity costs

• Transaction volume of around €6.8bn in the first quarter
• BUWOG takeover by Vonovia dominates start to the year
• Focus on property development and student halls and micro-apartments
• Investment volume of at least €15bn anticipated by year end

• With around 3.5 million inhabitants Berlin is not only the social, political and cultural centre of Germany, but is also increasingly positioning itself as retail capital.
• Thanks to its high international reputation, dynamic and innovative power, Berlin is considered as the hotspot among international brands and retailers as well as globally demanded expansion target.
• Due to its size, settlement structure and historical development, retail in Berlin is organized polycentrically; besides the two traditional retail centres City East and City West the city has a variety of established district locations and regional centres.
• Berlin’s retail not only profits of its around 5.98 million inhabitants in the metropolitan region Berlin-Brandenburg but also from the steadily increasing number of tourists of lastly 12.7 million, which already now are responsible for around one quarter of the retail turnover.

• Take-up 5% above five-year average at 4.4m sq m
• Virtually no big boxes: deals focused on mid-sized category in Q3 2017
• Take-up grows 7% in the Top 5 markets; down 21% in the national markets
• Full-year take-up potentially more than 6m sq m
• Transaction volume at €5.8bn at the end of Q3 2017
• Large-scale portfolio transactions determine investment activity
• Prime yields for core properties continue to slip – now at 4.50%
• Year-end result of up to €7bn possible