Jul
20
Frankfurt Is Already Running Out of Office Space for Banks
ByBanks are running out of options to lease large amounts of office space in Frankfurt following the U.K.’s vote to leave the European Union.
“The vacancy rate has slipped below the 10 percent level” and there is a growing shortage of bigger office buildings in central areas, BNP Paribas SA’s real estate broker unit wrote in a report on Thursday. “In view of the anticipated increase in demand by banks in connection with Brexit, this shortage looks set to intensify in the months ahead.”…
Frankfurt Is Already Running Out of Office Space for Banks
