Office market: Tenants most satisfied in Dresden
From the tenants’ perspective, Dresden is the top location for office properties among the major German cities. Other prime office locations in the Federal Republic are Nuremberg, Berlin and Stuttgart. Least favored by tenants are Duisburg, Wuppertal and Bochum. These are the results presented in the 2008 Office Tenant Almanac prepared by SEB Asset Management. In the study conducted for the almanac, more than 3,000 rental office property decision-makers in the 20 largest cities in Germany were polled. The scientific supervision of the study was conducted by Prof. Dr. Hansjörg Bach, FRICS, from the Department of Property Economy at the College for Economics and Environment in Nürtingen, Geislingen. The degree of satisfaction on the part of the office tenants was ascertained on the basis of 21 criteria summarized in the form of five decisive factors: office space, office building, rental costs, location factors and the city’s business climate. Dresden received the best marks for its good rental opportunities, architecturally appealing office buildings and comparatively favorable net rent prices. In Nuremberg and Berlin, low rental costs and the good images of the cities were held in particular esteem, while Stuttgart convinced tenants with its good traffic connections and the availability of highly educated and qualified labor.