Frankfurt, located in the heart of Germany, is the financial hub of continental Europe as well as one of the world´s leading financial centers. The economically dynamic Rhine-Main region is with 5.5 million people one of the most populated regions in Germany. Thereof some 716,000 people live in Frankfurt. The city is home to the European Central Bank (ECB), Deutsche Bundesbank and the Federal Financial Supervisory Authority of Germany. More than 230 national and international banks are located in Frankfurt among them Deutsche Bank, Commerzbank and Deka Bank. Deutsche Börse AG HQ is also based in the market area as are global operating laws firms like Clifford Chance, Hogan Lovells, DLA Piper, Latham& Watkins and Jones Day. The world’s leading consultancy firms have chosen the Frankfurt market region for their German headquarters like KPMG, PWC and EY. Frankfurt is globally re-known as one of the leading trade fair destinations with 37 trade fairs, 37,000 exhibitors and 2.2 million visitors in 2015. The geographic location in the centre of Germany plus Frankfurt Airport qualify Frankfurt as a major transportation hub. Frankfurt airport recorded some 61 million passengers in 2015 and is the third largest in Europe in terms of passenger numbers. In terms of cargo, Frankfurt is Europe’s largest airport with 2.1 million tons air freight in 2015. With a variety of universities and cultural institutions along with the proximity to Taunus and the Rheingau, Frankfurt is very often recognized as one of the most desirable areas to live in Germany.
Frankfurt’s skyline is unique in Germany. It is the only city with a significant skyscraper landscape which are home of national and international companies dominated by the financial services industries and related services. Office stock is some 12.06 million sq.m. The combination of solid take up levels in the past few years, comparatively low completion levels and many office buildings of low fit-out quality taken off the market for refurbishment reasons put pressure on office vacancy. The vacancy rate has decreased for six years in the row. Frankfurt’s office market is expected to record stable to rising levels of office demand, decreasing vacancy and overall rising rent levels in the course of 2016. Frankfurt’s most popular office submarkets are CBD, City and Westend.
Frankfurt is a major shopping destination for the Rhine-Main region. With luxury brands located in the city centre at Goethestraße and high-street retail along Zeil, Frankfurt offers a variety of new and established brands. Frankfurt’s pedestrianized Fressgass is famous for its attractive gastronomy mix and relaxed shopping atmosphere. A rising number of retailers e.g. Apple have recently chosen Fressgass for their Frankfurt store. Another retail pitch within Frankfurt CBD recently attracting a lot of retailer’s attention is Rossmarkt/Kaiserstraße with an interesting younger retail mix targeting the mid- to upscale segment. Major shopping centers like MyZeil and Skyline Plaza, the latter completed in 2013, and recent refurbishments and expansions of Main Taunus Zentrum complete the list of attractive shopping destinations in and outside the city. With its large catchment area, above average purchasing power index of 115 and its role as major tourist destination, Frankfurt attracts retailers from across the world – many of them entering the German market starting off in Frankfurt’s CBD. Accordingly, prime rents are among the highest in Germany.
Located in the middle of Germany and in the heart of Europe, Frankfurt has developed into a major transport and logistics hub over the centuries. The city’s transport infrastructure is outstanding. Major highways run through Frankfurt guaranteeing excellent North-South and West-East connection. Frankfurt International Airport recorded a freight volume of 2.1 million tons in 2015 and was thus once more Europe’s most frequented cargo airport. Accordingly, logistics prime rents in direct vicinity to Frankfurt Airport are among the highest in Germany.Frankfurt’s inland port complements the city’s logistics landscape.
Attracted by the city’s and greater region’s economic power, and its role as leading financial center in continental Europe, Frankfurt was and still is in investor’s focus. Backed by a number of large scale office transactions, investments in Frankfurt commercial real estate soared in 2015. The focus was clearly on office investments. The city came in second in national comparison, only outperformed by Berlin’s record volume.
The Avison Young office in Frankfurt offers our clients direct access to the German real estate market. The team around Udo Stoeckl provides clients real estate solutions for their investment and space requirements throughout Germany. The team’s expertise is especially in office and retail leasing and in capital markets transactions. Comprising the office, retail, industrial and multi-family house segment.
Service Provider: Avison Young - Germany GmbH Neue Mainzer Strasse 28, 60311 Frankfurt am Main, Germany
Authorized representatives: Udo Stoeckl (Managing Director), Markus Bruckner (Managing Director), Frank Loeblein (Managing Director), Thomas Loeffler (Managing Director) and Stephan Heinen (Managing Director), Neue Mainzer Strasse 28, 60311 Frankfurt am Main
Regulatory authority: Public Order Office (Ordnungsamt) Frankfurt am Main, Kleyerstrasse 86, 60326 Frankfurt am Main
Corporate register and register number: Local Court Frankfurt am Main, HRB 95894
Tax registration number: DE291773639