Victor office index continues to rise
JLL’s Victor prime office index rose again in the 1st quarter, reaching a new high of 195.7 points after a 1.9% increase. As in the 4th quarter, there was a noticeable falling of prime yields in the Frankfurt banking sector. Unlike in 2018, however, when the index rose across the board primarily due to of rent increases, prime rents rose in the first quarter of 2019 in only two markets – Berlin and Hamburg – while the momentum of the previous year slowed in Munich, Frankfurt and Düsseldorf. Ralf Kemper, Head of Valuation and Transaction Advisory Germany at JLL, does not believe that rents will stagnate and points to steadily high demand and low supply of office space.
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