Commercial Property

Commercial Property

With a great deal of office space standing empty and the demand for office premises likely to go on falling, the market for office real estate faces formidable challenges.

Office real estate is the most important segment of the property market for such institutional investors as insurance companies, pension funds and investment firms. However, these investors now face two formidable challenges. While a considerable amount of office space is already standing empty, the demand for office buildings is expected to diminish further as white-collar staff becoming increasingly scarce.

Björn Seipelt

Economist for Housing Policy and Real Estate Economics

Tel+49 30 27877-102

Mailseipelt@iwkoeln.de

@joernSeipelt

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Michael Voigtländer

Head of the Research Unit Financial and Real Estate Markets

Tel+49 221 4981-741

Mailvoigtlaender@iwkoeln.de

@mvoigtlaender

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