Difference between revisions of "Tech-gentrification"
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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."