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?
Bricks & Mortar: Graduate and apprentice surveyors discuss their journeys into real estate
Voice of the Region: Pub special – In with the inn crowd
EG Like Sunday Morning: Chunky chips for the hacked off
EG’s Office Politics: Return of the Gove-rnment
EG Like Sunday Morning: The (third) morning after the night before
EG Like Sunday Morning: Will real estate benefit from the ”dullness dividend”?
Bricks & Mortar: Madison Berkeley’s Nina Zeilerbauer and Christine Scott discuss real estate recruitment
EG Like Sunday Morning: Stepping into the unknown... again
In on the Act: Guy Fetherstonhaugh KC reflects on how the rent arrears arbitration scheme has worked in practice
EG Like Sunday Morning: The trans-Atlantic edition
TECHTALK: A propco, VC and tech solution meet at a downtown pier
TECHTALK: Why diversity matters most in bumpy times
Bricks & Mortar: Tallulah Bannerman on winning the 2022 Women in Property National Student Award
Scrapping the mayor: How will Bristol fare under new leadership?
TECHTALK: Fifth Wall’s Brendan Wallace on the evolution of proptech
EG Like Sunday Morning: True-stepping all the way to Greggs
Labs and London: Creating the space to meet life sciences demand
Veganism for buildings: Is retrofit or redevelopment the answer?
After Dark: How enabling London’s night-time economy is vital for the capital’s future
Property over politics: How the UK’s real estate sector is key to delivering a levelled-up UK
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money