If you take a look around the 45th floor of the „Tower“ skyscraper near the Messe Frankfurt, you can't fail to notice the transformation of the office world. Flexible room architecture, meeting islands, and timeless furniture that is rented with the space. There are no conventional single rooms or open-plan offices on the show floor of the skyscraper.

The traditional office is a thing of the past, and many certainties about the office property market have also gone. One employee, one workspace – this equation is a thing of the past. In Tower 185, which is the full name, Offenbach-based company Raumagentur („Your expert for New Work“) shows how you can get by with 60 or 70 workstations per 100 employees.

New concepts and different space requirements are having a massive impact on the demand for office space. These changes are particularly evident in the Frankfurt property market, which is probably the most dynamic in Germany compared to its population size.

Demand is predominantly for modern offices in central locations. But it is no longer just a question of „location, location, location“, but increasingly „ESG, ESG, ESG“. Provided the location and quality are right, prime rents of 50 euros per square metre are not far off. Many key figures for the market development of sustainable buildings in prime city centre locations are on the rise. In contrast, the mood is often gloomy in Class B locations, and peripheral areas. Here, dilapidated buildings are waiting to be converted into flats or schools. There is demand for both types of use, but the cost of conversion is immense.

It is not only in Frankfurt that the property markets are split between high quality, sustainable and expensive – and the rest. In property, it has always been difficult to speak of a single market and an average price. However, with current developments in the office sector, and the divergence between location and quality, it is becoming increasingly difficult to make any general statements about the property market.