The report examines the success factors of quarters. In collaboration with CBRE and the European Business School, five categories were developed to map the economic, environmental and social sustainability of quarters. In addition, the results of a survey of 108 experts from business, science, academia, the public sector and citizen representatives were incorporated into the report, and several industry representatives were interviewed. The result is five categories

• Urban Needs / Urban Mix
• Infrastructure
• Identity
• Connectivity
• Built Environment

from which 25 individual success factors for urban quarters were derived.

Der Report untersucht die Erfolgsfaktoren von Quartieren. In Zusammenarbeit von CBRE mit der European Business School wurden fünf Kategorien entwickelt, mit denen die wirtschaftliche, die ökologische und die soziale Nachhaltigkeit von Quartieren abgebildet werden können. Zusätzlich flossen die Ergebniss einer Umfrage von 108 Experten aus Wirtschaft, Wissenschaft, Lehre, öffentlicher Hand und Bürgervertretern in den Report ein und es wurden mehrere Branchenvertreter interviewt. Das Ergebnis sind fünf Kategorien

• Urban Needs / Urban Mix

• Infrastruktur

• Identität

• Konnektivität 

• Built Environment

aus denen wiederum 25 einzelne Erfolgsfaktoren für urbane Quartiere abgeleitet wurden. 

• The Bonn office market is one of the ten largest office markets in Germany - after the top seven, Hanover and Nuremberg
• With a current vacancy rate of 2.70%, Bonn's office market is one of the most strained in the republic
• In particular, leases by public-sector institutions and large corporations are shaping events on the office leasing market
• The highest average transaction volume per deal and one of the lowest prime yields for office properties among B-locations characterize the office investment market in the federal city Bonn
• As the seat of numerous state institutions and due to the many large properties, the investment market in Bonn is increasingly becoming the focus of international investors
• Bonn has an active start-up ecosystem within which 6,400 people are employed. Proximity to corporations and university clusters of excellence have led to successful spin-offs in the fields of software engineering and health care
• Flexible office space from renowned providers diversifies Bonn's office market in response to changing user requirements
• Federal authorities sustainably support Bonn office market, even if ministries increasingly relocate to Berlin

The continuing boom in data centers and their high relevance for the global economy are increasingly complicating the search for locations for new data centers. In a recent white paper, the market research company Lünendonk and the global real estate service provider CBRE analyze the factors that are decisive for this.

• Location search between latency, sustainability and electricity prices
• Attractiveness of locations away from the major hubs (Hamburg, Munich, Düsseldorf)
• Economic situation of edge data centers
• Performance of the power grid / electricity prices in comparison
• Sustainability of data centers / European agreement and European initiative based on it by various European associations and companies, led by EUDCA and CISPE, to develop a strategy to set measurable targets for energy-efficient and sustainable data center operation by 2025 and 2030 (50 % of data center operators already focus on sustainability)
• Management concepts / in-house or outsourcing (facility management) – advantages of a global service provider for data center management

• The office letting market in Frankfurt showed further signs of recovery in the course of the third quarter.
• With a cumulative office take-up of 251,600 sq m, a year-on-year increase of 24% was registered.
• Due to several deals in the mid-size category in the highly demanded office towers, the Banking District was the most sought-after submarket, accounting for 16% of take-up.
• Both the prime rent and the weighted average rent (12-month rolling average) rose by around 2% year-on-year to €45 and €23.30/sq m/month respectively.
• Due to the high demand and increased construction prices, it can be assumed that rents will continue to rise.

• As in other metropolises, the momentum on the office letting market has now also arrived in Hamburg in the third quarter.
• Particularly in the case of large lettings over 10,000 sq m, a year and a half of uncertainty is having an effect on companies willing to expand.
• In the third quarter of 2021, 20,100 sq m of office space were completed in Hamburg.
• A letting volume of 420,000 to 440,000 sq m is expected by the end of the year.

• Berlin has almost completely left the pandemic behind.
• Office take-up in the first nine months of 2021 reached just under 540,000 sq m, 25% higher than in the same period last year.
• Due to the pressure of demand, office rents increased.
• For the first time in two years, the public sector was no longer the largest demand sector, but was replaced by financial service providers.

• Grocery-anchored properties setting the tone on the German retail property market
• Investors stepped up their interest in retail property over the summer months
• Investment volume of €7.3bn in the first three quarters of 2021
• Prime yields of food markets and retail parks shed 10bps since the second quarter
• Shopping center transactions could make up ground in 2022

• Office investment market in B locations and regional centers proving robust
• Transaction activity in class B locations and regional centers at €2.4bn, marginally above the medium-term average
• Product availability curbing greater investment momentum, especially in the low risk segment
• Prime yields of larger B cities moving toward the 3% mark
• Foreign investors’ presence on the market not as prominent as a year ago
• Higher portfolio share compared with A cities

Certain optimism is increasingly spreading among national and international real estate investors. For example, 54% and 59% of the German and European investors surveyed by CBRE intend to invest significantly more in 2021 than in the Corona year 2020. In this context, the German real estate market is becoming increasingly important, confirming its reputation as a 'safe haven' and reflecting the particular stability of the market in an international comparison, even in the current crisis and especially afterwards.

This year's survey also provides other important insights:

• Both national and international investors rate the prospects for a quick recovery of the real estate investment market after the pandemic in Germany best. With Berlin, Frankfurt, Hamburg and Munich, four German metropolises are among the top ten most attractive European cities for real estate investments.

• Despite the decentralisationand flexibilisationof workplace strategies accelerated by the pandemic, investors continue to prefer the office asset class, followed by residential and logistics.

• Market participants are focusing their portfolio strategy even more on core and core plus properties, indicating a pronounced risk aversion in the current market environment and a preference for yield stability and income security.

• The majority of German investors (69%) do not plan to invest outside Europe.

• Almost all investors expect price reductions for shopping centres and hotel properties.

• COVID-19 has increased investor focus on tenant credit and ESG criteria.

The CBRE Investor Intentions Survey 2021 was conducted between 2 December 2020 and 19 January 2021. From Germany, 286 investors participated in the survey, which asked respondents a series of questions about their acquisition plans and their preferred strategies for sectors and markets in 2021.

The market for data centers in Germany

• Growth drivers and growth potential in Germany
• Use of data centers
• Construction and location requirements of data centers
• Different types of data centers
• The data center market in Germany
• Typical types of contracts and transactions
• Future development of the German data center market

• Strong trust in the German real estate market remaining intact
• Transaction volume up by 11% to €56.2bn year on year
• Commercial real estate market at €41.1bn (up 7%), multifamily housing investment market at around €15.1bn (up 25%)
• 53 portfolio transactions of more than €100m each, totaling €25bn – share of portfolios at 53%
• International investors’ market share climbs 14%-points to 48%

• Transaction volume reaches €16.5bn in 2019, a decrease of 6% compared to the previous year
• Investments in construction edge up to €5.5bn
• Share of international investors drops to 13.3%, with German

In 2019, the German hotel real estate market remains very dynamic with a continued demand surplus. The hotel transaction volume in the German hotel investment market stood at €1.64bn in H1 2019, down 14% from the prior-year period. The lack of product on the market is restricting the investment volume and results in a further decline in yields in prime locations. Consequently, investors increasingly buy in B and C locations.

The report provides an overview of:

• European and German hotel real estate market
• Key performance indicators of the German top cities
• Investment volume and prime yields
• Recent transactions
• Future supply and outlook