Commercial rent brake to be discussed in Parliament
The newspaper “Süddeutsche Zeitung” reports that the Berlin Senate is launching an initiative in the German Bundesrat, the upper house of the Federal Parliament, for regulation of commercial rents, citing an application for the “introduction of a commercial rent brake in strained commercial-space markets”. Markets are deemed to be strained if “there is a particular risk that small and medium-sized companies will no longer find commercial leases with reasonable terms’. In an interview with the Munich newspaper, Berlin’s Justice Senator Dirk Behrendt (Greens) explained that he is thinking primarliy of small neighborhood stores and their displacement by large chains.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.