Frankfurt is Germany’s major financial and trading hub with both renown and importance extending beyond the country’s borders. The city on the Main is home to the headquarters of the European Central Bank (ECB), the Deutsche Bundesbank, almost all major German banks and many foreign financial institutions. But the banking industry has been undergoing profound change for quite some time. Almost all banks have significantly thinned out their branch networks. The global financial market crisis of 2008/2009 led to far-reaching changes in the industry, which are still having a noticeable impact on the Frankfurt office market today.
How have these developments affected the office leasing market in Frankfurt? What challenges are the banks facing? And how strongly will they influence the market in the future?
Focal points of the Report:
- How has the Frankfurt banking world developed in recent years?
- What influence do the banks have on the office market in Frankfurt?
- Where is Frankfurt's most important office letting sector heading?