FRANKFURT DEMAND BY CBD, BANKING DISTRICT AND AIRPORT DISTRICT SUBMARKETS Source: CBRE Germany Research, 4Q 2023 FRANKFURT VACANCY RATES OVERALL MARKET, CBD, BANKING DISTRICT AND AIRPORT DISTRICT FRANKFURT PRIME YIELD / CAPITAL VALUE INDEX (CBD) 160 140 120 100 80 60 40 20 0 Demand ('000 sq m) 2023 2021 2020 2019 2022 144.7 116.8 125.8 131.1 102.4 26.0 8.6 31.6 9.6 25.1 60.7 79.8 53.6 58.0 41.6 CBD Banking District Airport District Overall Market CBD Banking District Airport District Capital Value Index (LHS) Prime Yield (%) (RHS) 12 10 8 6 4 2 0 Vacancy Rate (%) 2023 2021 2019 2022 2020 10.9 5.1 8.9 284 5.4 4.1 500 450 400 350 300 250 200 150 100 0 6 5 4 3 2 1 0 Index 1Q 1986=100 Prime Yield (%) 2023 2021 2019 2022 2020 GERMANY PRIME OFFICE RENTS CITIES OF GERMANY Frankfurt Munich Berlin Düsseldorf Hamburg 50 40 30 20 10 0 Rental Value (€/sq m/month) 2023 2021 2019 2022 2020 47.5 47.0 44.0 40.0 35.0 FRANKFURT RENTAL BAND OVERALL MARKET, BANKING DISTRICT AND AIRPORT DISTRICT Maximum Minimum Weighted Average Rent 50 40 30 20 10 0 Rental Value (€/sq m/month) Airport District Banking District Frankfurt Total 47.50 47.50 23.24 35.74 8.50 22.00 22.87 26.00 18.00 Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 111
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