Although the population in Germany is declining in the long term, the number of households is growing. In contrast, new residential construction in 2024 slumped by 14% compared to the previous year. By 2027, housing construction could decline by a further 35%.
Take-up in Germany exceeded the previous year's level by 8 per cent. In the top 8, the focus of users continues to be on the small-scale space segment up to 3,000 square metres.
The commercial transaction volume rose to around 1.3 billion euros in the first nine months of 2025 – an increase of 44 percent compared to the previous year. In the third quarter, smaller deals and portfolios dominated. Hotels increased significantly and accounted for 8 percent of the total volume.
The transaction volume was EUR 4.0 billion, 11 percent below the previous year's level. Increasing momentum in the market can be observed above all through portfolio transactions and individual major transactions with volumes in excess of EUR 100 million.
The transaction volume amounted to 3.8 billion euros and is thus still on track for the previous year. In the third quarter, significantly brisk market activity was registered. Large-volume inner-city properties and food-anchored retail park portfolios are once again increasingly shaping market activity.
Take-up in the top 7 reached 2 million square metres, up 5 per cent on the previous year's figure. As expected, the vacancy rate continued to rise and now stands at 8.3 percent.
The transaction volume reached 6.5 billion euros, 13 percent higher than in the previous quarter, but 7 percent below the previous year's level. Individual transactions dominate the market, while portfolios account for only 13 percent.
The transaction volume on the residential and commercial investment market amounted to 23.7 billion euros, just missing the previous year's level. In the commercial segment, the strongest quarterly result since the beginning of the year was achieved.
Institutional and private investors are increasingly focusing on existing properties, ESG-compliant properties and portfolios. Transaction activity is expected to remain high in 2025/2026.
The renowned piano and piano manufacturer Steinway & Sons is opening a new flagship store in Stuttgart and is moving from Silberburgstraße to Büchsenstraße 15. The new location at Kronprinzplatz will open on September 27, 2025. Colliers arranged the rental exclusively.
The paper sheds light on the topic of "architectural monuments" with regard to sustainability requirements.
Market participants are rather critical of the sustainability performance of architectural monuments.
The tenants include a leading Chinese car manufacturer with a growing presence in Europe, a provider of safety-critical communication solutions and an international company from the healthcare sector.
The special machine construction company KRÖNING – Automation continues to grow and acquires an area of around 12,000 square meters in the Dohna industrial park. Colliers acted as an intermediary for the buyer in the sale.
According to Colliers, the German hotel investment market reached a transaction volume of around 830 million euros in the first half of 2025. The market thus continued its recovery.
The Darmstadt-based AI scale-up etalytics continues to grow and is renting around 700 square meters of office space at Leydheckerstraße 10 as part of its expansion.
The German industrial and logistics real estate market generated take-up of around 2.9 million square metres in the first half of 2025. This corresponds to an increase of 12 percent compared to the previous year.
