Contrary to the nationwide decline in commercial space, Berlin added 101,000 m2 in Q1 2019. The two largest leases were for 31,000 m2 and 8,000 m2. However, most leases range are for spaces between 1,000 and 5,000 m2, accounting for 44% of total space used.
But Berlin also faces a shortage and rising rents. Even in the popular outskirts on the south side of the city, space is slowly becoming scarce. However, the top rent for spaces 5,000 m2 and larger remained stable at the beginning of 2019 at €5.50/m2/month. The average rent for all sizes was €4.65/m2/month.