Difference between revisions of "Tech-gentrification"

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[https://www.bloomberg.com/news/articles/2018-04-05/berlin-tech-scene-beats-frankfurt-brexit-boon-for-office-buyers Investors Are More Interested in Berlin’s Tech Scene Than Frankfurt’s Brexit Imports]
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How Start-up speculation mechanically leads to increased rents in Berlin and elsewhere.
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== Investors Are More Interested in Berlin’s Tech Scene Than Frankfurt’s Brexit Imports - Bloomberg - April 2018 ==
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''"The surging demand has caused the purchase price for office space in Berlin to almost triple to 5,200 euros ($6,400) a square meter in the last five years, cementing the city’s turnaround from a backwater of abandoned buildings to one of Europe’s most sought-after locations."
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''"Buoyed by the influx of new workers, Berlin’s office vacancy rate fell to just 2 percent last year from 5 percent in 2013, Savills Plc estimates. That helped push up rents to an average of 19.20 euros per square meter from 12.30 euros during that period, according to the broker."
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https://www.bloomberg.com/news/articles/2018-04-05/berlin-tech-scene-beats-frankfurt-brexit-boon-for-office-buyers

Revision as of 14:12, 26 April 2018

How Start-up speculation mechanically leads to increased rents in Berlin and elsewhere.


Investors Are More Interested in Berlin’s Tech Scene Than Frankfurt’s Brexit Imports - Bloomberg - April 2018

"The surging demand has caused the purchase price for office space in Berlin to almost triple to 5,200 euros ($6,400) a square meter in the last five years, cementing the city’s turnaround from a backwater of abandoned buildings to one of Europe’s most sought-after locations."

"Buoyed by the influx of new workers, Berlin’s office vacancy rate fell to just 2 percent last year from 5 percent in 2013, Savills Plc estimates. That helped push up rents to an average of 19.20 euros per square meter from 12.30 euros during that period, according to the broker."

https://www.bloomberg.com/news/articles/2018-04-05/berlin-tech-scene-beats-frankfurt-brexit-boon-for-office-buyers