Brexit or not, Berlin will never rival London as Europe’s leading tech hub says CBRE’s EMEA head of digital innovation Thomas Herr. “There is only one London,” he says. “There is no way Berlin will ever be a London. It hurts me to say that, but it’s true.”
Herr, a Berliner himself, adds that despite the German capital’s burgeoning start-up scene, rising costs could turn it into “just another expensive, boring city.”
A lack of housing stock - the vacancy rate for apartments currently stands at 1.2% - and tight office supply means that rising rents are threatening to quash entrepreneurial spirit. In a city where only 18% of people own their homes, Berlin’s apartment rents rose by 8.8% to 9.79 euros a month in 2017 according to CBRE - a figure which has grown 71% over the last decade.
Residential options outside of the city and the prevalence of co-working space have, so far, successfully supported Berlin’s digital community. But does the German capital have what it takes to retain its raw, innovative talent despite a squeeze on space, supply and resource?
Voice of the Region: West Yorkshire – The unstoppable deal machine
Dealmaker of the Month: Jamie Lamond, Watling Real Estate
Redefining how real estate uses tech to address the climate challenge
Driving a better experience in the workplace
Voice of the Region: Hampshire – Retail reinvented
The great workplace reset
Dealmaker of the Month: John Proctor, FHP
School of Hard Knocks: Serial founder Neil Sinclair
In on the Act: Daniel Black discusses differences between English and Scottish law
Voice of the Region: Glasgow – Captain of industry
School of Hard Knocks: Canary Wharf Group’s Jane Hollinshead
School of Hard Knocks: JLL’s Katie Kopec
Bricks & Mortar: RICS Matrics Surveyor of the Year, Carolyn Brady discusses her career in property
Dealmaker of the Month: Patrick Matheson, Knight Frank
On the Case: The Building Safety Act bites in Olympic Village dispute
Bricks & Mortar: Changing career and establishing yourself as a sole practitioner
Voice of the Region: Teesside – Riverside renaissance
Bricks & Mortar: Turley’s James Simondson on delivering social value through planning
In on the Act: Stephen Jourdan KC discusses the Leasehold and Freehold Reform Bill
School of Hard Knocks: Harworth’s Lynda Shillaw
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
The Commercial Edge: Unleash the Power of People
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money