JLL

JLL: Retail investment: Small-scale, but very dynamic at the beginning of the year

In the first quarter of 2026, the German retail investment market recorded an increase in transactions from 56 to 83, which corresponds to a volume of 1.44 billion euros. According to Sarah Hoffmann of JLL, it was mainly retail store products that dominated events.

JLL: Positive start to the year on the Berlin office market

Berlin's office letting market has made a buoyant start to 2026 with take-up of 148,100 m². Larger leases in particular contributed to a dynamic market start, with Strabag's largest deal taking place in the Schöneberg submarket.

JLL: Düsseldorf office market is waiting for a breakthrough

The Düsseldorf office market recorded a decline in new lettings to 51,200 m² in the first quarter of 2026, the lowest figure in the last ten years. Despite a slight increase in the city, the vacancy rate rose to 11.6 percent, the highest among the seven German metropolises.

JLL: Major deals drive revenue growth in Munich’s office market

In the first quarter of 2026, large-volume contracts led to a significant increase in sales in the Munich office market. The industrial and IT sectors dominated the market, and further positive developments are expected.

JLL: Hamburg’s office market is still weakening in medium-sized sizes

Hamburg's office letting market is off to a cautious start in 2026 with take-up of 98,800 m², which is 25 per cent below the previous year's figure. Deals in the size classes between 1,000 m² and 10,000 m² are particularly affected.

JLL: In logistics, prime rents are rising again in many regions

In the first quarter of 2026, prime rents for warehouse and production space rose in five of the 20 German regions monitored by JLL. The increase was particularly strong in Bremen at 15 percent, while in Munich top rents of eleven euros were reached for the first time.

JLL: Situation beats mood – the investment market sends positive signals

The German real estate investment market shows a moderately positive picture in the first quarter of 2026 with a transaction volume of 8.9 billion euros. Despite rising financing costs and geopolitical risks, demand remains stable, especially in the area of individual transactions outside the seven major cities.

JLL: Geopolitics clouds the outlook for the office markets

In the first quarter of 2026, Germany's seven largest cities recorded a 17% decline in take-up compared to the same period last year. Despite the challenges, prime rents remain stable, especially in the premium locations of cities such as Munich and Berlin.

JLL: Investment market for healthcare real estate starts with strong increase in turnover

The investment volume of healthcare real estate in Germany rose to 1.13 billion euros in the first quarter of 2026, marking the highest result in the last five years. Significant transactions, such as TPG's purchase of a portfolio, contributed to this increase.

JLL: Residential investment market characterized by individual deals and core transactions

In the first quarter of 2026, the transaction volume in the German residential investment market fell by a third compared to the previous year. Despite the geopolitical uncertainties, market activity remains at a solid level with 57 transactions registered. The number of deals is the highest since the interest rate shock of 2022.

Electricity availability is becoming a key value driver for real estate

Electricity availability is becoming the central value driver for commercial real estate. Energy-secure locations achieve higher rents, especially in industry, logistics and data centres. Energy resilience, storage and self-generated electricity increase attractiveness and values.

Chinese retail group leases 41,200 m² of logistics space near Berlin

JD.com has leased a logistics property with 41,200 m² in the greater Berlin area. The brokerage was made by JLL, and it is the largest logistics deal in the region since 2022.

JLL: Saller Group buys Wust shopping centre in Brandenburg an der Havel

The Saller Group has acquired the Wust shopping centre in Brandenburg an der Havel and expanded its portfolio in Brandenburg. The shopping center has 38,700 m² of rental space and offers space for 47 stores.

JLL: JetBrains leases around 21,500 m² of office space in Munich’s Tucherpark

JetBrains will be the sole tenant in the Rufhaus in Munich's Tucherpark with an area of 21,500 m². The property is undergoing extensive modernisation and is scheduled to be handed over to the tenant in 2027.

JLL: Gundlach sells residential portfolio at the gates of Bremen

The Gundlach housing company has sold a portfolio of 287 residential units near Bremen. The buyer is a real estate investment manager, and JLL advised both parties on the transaction.

JLL: Centerscape buys Combi retail park in Weener, East Frisia

Hartmann Immobilien has sold the Combi retail park in Weener to the investor Centerscape. The property has around 5,500 m² of rental space and is to be used for further investments. JLL advised the seller on the transaction.

JLL: uniVersa Insurance buys land in Nuremberg for new company headquarters

uniVersa Versicherung has acquired a plot of land in Nuremberg for its new headquarters. JLL exclusively advised the insurance company on the transaction.

JLL: European residential investments to grow to more than 70 billion euros in 2026

European residential investment increased by 22% to €62.2 billion in 2025 and is expected to reach over €70 billion in 2026. Growth will be driven by platform transactions and the return of institutional investors.

JLL: DIY store in Ditzingen sold

A subsidiary of the Pflugfelder Group has acquired a large DIY store in Ditzingen. JLL advised the seller HAMBORNER REIT AG.

JLL: EQT acquires logistics portfolio “Southgates” with a total of 50,000 m²

The international investor EQT has acquired two logistics properties in Baden-Württemberg. The fully let properties with DGNB Gold certification have a total area of 50,000 m².

JLL: Schomaker Baugruppe buys Nordhorn shopping center Vechte Arkaden

The Schomaker Baugruppe has bought the Vechte Arcaden shopping centre in Nordhorn from the insolvency administration of the Highstreet VIII Fund. JLL brokered the sale as part of a third transaction from the fund.

Novitas Immo sells underground car park at Barbarossaplatz in Düsseldorf to Contipark

Novitas Immo GmbH & Co. KG has sold the underground car park at Barbarossaplatz in Düsseldorf to Contipark. With this acquisition, Contipark is continuing its strategy of expanding its own property portfolio. JLL advised the seller and brokered the transaction.

Europe’s office markets will be divided into light and shadow in 2025

JLL EMEA office real estate clock in the fourth quarter of 2025

JLL study: German consumers want multifunctional shopping experiences

The current JLL study shows that the German retail sector is subject to constant change, with consumption habits strongly influenced by age and place of residence. Multifunctional shopping experiences that are tailored to the needs of different generations play an important role.

JLL: McDonald’s rents new branch in Oldenburg city centre

McDonald's will open a new branch in Oldenburg's city centre in April 2026 and rent 600 m² at Lange Straße 74. JLL brokered the letting on behalf of Deka Immobilien.

JLL investor survey: Market wants to invest more again, but there is a lack of supply

The current JLL investor survey shows that real estate investors in Germany no longer see falling interest rates as a growth impulse. Instead, the focus is on price-adjusted purchase opportunities, while pricing in the asset classes is almost complete.

JLL’s Victor Prime Office: 2025 ends with a solid quarterly performance

In the fourth quarter of 2025, the office performance indicator Victor Prime Office recorded growth of 1.6 percent. Hamburg leads the indicator with a jump of 6.6 percent, while Berlin falls back slightly.

JLL: Hanover’s office leasing market scores with consistency

The office letting market in Hanover is showing constant figures in 2025, with a prime rent of 24.50 euros and an expected take-up of 125,000 m² for 2026. Despite a decline in take-up, the market remains stable.

JLL: Watzl Group acquires premium portfolio with five commercial and office buildings

The Watzl Group has acquired a premium portfolio consisting of four commercial buildings and one office property in five major cities in southern Germany. JLL advised on the transaction, the financial volume of which was not disclosed.

JLL: International law firm moves into almost 2,500 m² in the “Greenhub Cologne”

The international law firm Cleary Gottlieb is relocating its Cologne office to a modernised office building and is renting almost 2,500 m².

JLL: In the logistics leasing market, the strongholds will ensure growth in 2025

In 2025, the German market for warehouse and logistics space achieved take-up of 5.78 million m², an increase of six percent compared to the previous year. Demand was mainly driven by new players from Asia and regional differences.

JLL: In the Rhine-Neckar metropolitan region, there is a lack of major office deals

In 2025, the Rhine-Neckar metropolitan region recorded a significant decline in the office letting market, with take-up almost halved compared to the previous year. Ludwigshafen, Mannheim and Heidelberg were particularly affected, where there was a shortage of large leases and high-quality space.

JLL: Logistics company leases around 46,000 m² of warehouse space in Middle Franconia

The project developer Bauwo is leasing two of the three components of its Dombühl logistics park in Ansbach to 'Müller – Die lila Logistik'. The hall space still available is around 25,500 m².

JLL: Catholic institution buys project development in Mannheim

The Catholic children's and youth home St. Josef has acquired a plot of land in Mannheim including project development. The plan is to build a five-storey timber hybrid building with 3,000 m² of usable space.

JLL: High insurance premiums for climate risks threaten real estate values

A new study by JLL and Munich RE shows that insurance premiums for office buildings have risen sharply since 2018. This development poses an increasing risk for property owners, who must now take measures to protect their assets.

JLL: Nuremberg’s office market experiences a year with two faces

Nuremberg's office leasing market had a mixed year in 2025, with a 17 percent year-on-year decline in take-up. Especially in the second half of the year, fewer and smaller deals were made, which is due to a limited supply in the center.

JLL: Industrial and logistics real estate: Fewer transactions over 100 million euros

In 2025, the German investment market for logistics and industrial real estate recorded a decline in large transactions of over 100 million euros, while the number of transactions increased overall. International investors continued to expand their holdings.

JLL: Asking rents for affordable housing rise significantly

Residential rent growth slowed in the second half of 2025, with cities like Hamburg recording a growth of nine percent, while Berlin is experiencing stagnation. Purchase prices for condominiums are rising more strongly than in the previous year, especially in existing buildings.

JLL: Private investors to drive retail market recovery in 2025

The investment market for retail real estate in Germany achieved a transaction volume of 6.54 billion euros in 2025, an increase of one billion euros compared to the previous year. Private investors accounted for a remarkable share on the buyer side at 22 percent.

JLL: GTU Mobility leases 4,300 m² in the former HDI headquarters in Hanover

GTU Mobility has leased 4,300 m² in the former HDI headquarters in Hanover. The new headquarters will be occupied from the middle of next year. JLL brokered the lease.

JLL: Fewer commercial investments in German cities in 2025

The German commercial real estate market in the seven metropolises recorded a decline of around twelve percent in transaction volume in 2025. There are signs of recovery and more activity in 2026.

JLL: Public administration is an important cornerstone of the German office market

Public administration plays an important role in the German office market with an annual letting volume of around 300,000 m². The necessary modernization of the public building stock is likely to increase demand even more.

JLL: There is a lack of major deals on the Berlin office market

In 2025, Berlin's office letting market recorded take-up of 481,000 m², a decline of almost a fifth compared to the previous year. The lack of major deals is due to the difficult economic situation, according to Anja Schuhmann of JLL.

JLL: High take-up in the Frankfurt office market

The Frankfurt office market recorded a high take-up volume of 565,200 m² in 2025, with significant major deals being concluded. The prime rent rose to 52 euros/m² and is expected to rise further in 2026.

JLL: Prime rent for Munich offices cracks the 60 euro mark

The office market in Munich recorded a slight decline in take-up of five percent in 2025. However, the prime rent rose by more than five euros and exceeded the limit of 60 euros per square metre.

JLL: Stuttgart office market loses momentum at the end of the year

The Stuttgart office market recorded a 22 percent decline in take-up in 2025 due to a weak second half of the year. Major deals were postponed to 2026, while smaller leases dominated.

JLL: Investments in healthcare real estate increased significantly in 2025

Investors in healthcare real estate showed particularly active buying activity in 2025, with an annual volume of 1.4 billion euros. One focus was on nursing homes, while the market could gain new momentum with medical centers.

JLL: Hamburg take-up slightly down, prime office rent up

Hamburg's office leasing market in 2025 was mixed with a decline in take-up of four percent and an increase in vacancy rates. Nevertheless, the prime office rent rose from 36 to 41 euros/m².

JLL: Office leasing market is treading water due to many challenges

At the end of 2025, the German office letting market showed a stable development with slight regional differences. Despite a minimal decline of 0.8 per cent in take-up, this is seen as a positive signal.

Residential investment market in 2025: More deals, less volume

In 2025, the investment volume in the institutional housing market in Germany was lower than in the previous year, despite a higher number of transactions. The final quarter was the strongest in terms of revenue, characterized by smaller and medium-sized transactions.

JLL: Upturn in the German investment market will take a break in 2025

The German real estate investment market recorded a transaction volume of 33.9 billion euros in 2025, a decline of four percent compared to the previous year. Institutional investors remained cautious, but accelerated lending and the strength of German cities could provide impetus in 2026.

Financing experts see moderate market improvements

Sentiment among real estate financing experts improved at the end of 2025, with the German Real Estate Financing Index (Difi) rising to 0.7 points. In particular, the current situation on the financing market is assessed more positively.

JLL: Solid financing and cash flow are the recipe for success in 2026

JLL CEO Konstantin Kortmann's analysis of 2025 and his outlook for 2026

JLL: AI revolution is sweeping the German real estate industry at record speed

A JLL study shows that 92 percent of real estate decision-makers worldwide, and as many as 93 percent in Germany, are already using AI applications or are planning to do so this year. Despite the high ambitions, many companies are struggling to fully achieve AI goals, with cyber and privacy requirements cited as key hurdles.

JLL survey: People want AI-assisted living environment

People are attracted to AI-powered environments and are also looking for digital downtime. JLL Global Survey Reveals Need for Discrete Technology Integration in Personal and Professional Life

Family office sells residential complex in Berlin to Domicil Real Estate AG

The complex was built in 1996 and consists of 18 houses with a total of 143 residential units and 75 parking spaces. The properties have a total area of around 11,350 m² and are almost fully let. The seller of the residential complex is a family office from southern Germany.

Only & Sons rents around 720 m² in Leipzig’s pedestrian zone

The fashion brand's first shop in the Saxon metropolis will open in 2025. The landlord of the building is a holding company. JLL brokered the conclusion of the contract on behalf of the tenant and the owner.

Software company GUS ERP moves into almost 2,000 m² on Cologne’s Maarweg

New areas in the Ehrenfeld/Braunsfeld district will be taken over from April 2026

Cosmetics company L’Oréal remains in Düsseldorf

JLL advises on contract extension for 24,300 m² at Johannstraße 1

Fashion concept Only opens a new store in Erfurt’s city center in 2026

Broad acceptance of fixed office attendance requirements worldwide

JLL study proves the importance of modern workplaces

Logistics companies are once again increasingly attracted to German conurbations

The German market for warehouse and logistics space is extremely stable after three quarters in 2025. A total of around 4.35 million m² was taken up in the first nine months of the year – of which 1.2 million m² or 28 per cent were owner-occupiers.

Transaction size for industrial and logistics real estate increases significantly

Investment market delivers its best performance of the year so far in the third quarter

PBC Sports rents logistics space in Berlin for padel and pickleball

PBC's first facility offers twelve sports fields on around 2,900 m².

Elbenwald rents 200 m² of retail space in Leipzig

The supplier of film fan merchandise is moving from the main station to the pedestrian zone.

Certified office space stock grows by a fifth in major cities

Existing buildings make a significant contribution to the increase – Frankfurt remains the frontrunner

Grant Thornton moves into 1,820 m² in Stuttgart’s “Degerloch Office Center”

JLL advised the auditing and consulting firm and brokered the deal.

Univers Holding buys and develops brownfield in Bonn-Auerberg

JLL brokers transaction of the approximately 50,000 m² site.

Software company Eplan rents 8,000 m² of office space in Monheim

JLL brokers completely new development on the Rhine promenade.

Ernsting’s family plans new branch in Oldenburg city centre

Ernsting's family is moving within Oldenburg's city centre. In the commercial building at Achternstraße 1-2, the company has rented 350 m² of retail space on the ground floor.

Law firm rents around 1,000 m² in the centre of Mannheim

JLL brokers office space in the "New7" conversion project

GTU Mobility and Mölnlycke Health Care move into Euref campus in Düsseldorf

JLL is brokering a total of around 2,700 m² in new development near the airport.

BearingPoint relocates its headquarters in Düsseldorf’s Kennedydamm submarket

JLL advises users and brokers 1,540 m² of office space.

Deloitte leases around 8,000 m² in Ostforum Leipzig

JLL brokers largest office lease this year in Leipzig

UrbanMusiX opens new music concept on 1,400 m² in Cologne-Nippes

In the Cologne district of Nippes, the new music concept UrbanMusix has opened. At Geldernstraße 35-37, the provider rents a total of 1,400 m², including 1,100 m² in an office building and around 300 m² in an associated residential building.

Artificial intelligence is rapidly developing the life science market

German clusters Berlin-Potsdam and Munich are well positioned in a European comparison

Victor Prime Office is growing again after the growth break

Positive impetus from rental and investment markets influences office performance

Logistics leasing market stable at the end of the first half of the year with an upward trend

Global challenges could become an opportunity for Germany as a business location

Shortage of supply for student housing leads to high rents

Student housing moves into the focus of investors

Logistics real estate investment market gains momentum despite lower volume

Number of trades increasing, but only one major transaction registered

Trading: Specialist stores dominate the investment market in the second quarter

At the end of the first half of the year, the investment market for retail real estate continued its recovery and, with a transaction volume of EUR 2.9 billion, exceeded the previous year's figure by ten percent. However, the average of the past five years is still 15 percent short.

Textile retailer Only opens new branch in Rostock’s old town

JLL brokers 620 m² as part of an asset management mandate for Deka

Retail leasing once again delivers top take-up at the end of the first half of the year

German city centres are in demand as rarely in recent years, retail concepts are expansive, and so the real estate market for retail space has followed an extraordinary start to the year with another strong quarter.

Many small and medium-sized transactions in Dusseldorf

With 19 transactions, the trend on the Düsseldorf real estate investment market is again pointing more clearly upwards. So many sales have not been registered in the NRW state capital since Q1 2022.

Data center market grows somewhat slower despite large pipeline

Although the demand for technologies such as 5G, cloud services and, above all, artificial intelligence (AI) is enormous, limiting factors are causing slightly weaker growth.

Real estate investment market fluctuates between recovery and uncertainty

After a promising start to the year, the momentum on the German real estate investment market slowed down again in the second quarter of 2025.

Higher Performance Drives Data Center Energy Demand

Electricity availability, sustainability and regulation pose challenges

Global investment market to grow by 34 percent in the first quarter of 2025

Global real estate transaction volume reached $185 billion in the first quarter of 2025, up 34 percent year-on-year. EMEA achieved the largest increase in sales among the world regions at 41 percent.

KPMG focuses on sustainable existing space at its new Frankfurt office

In a central location on Opernplatz, around 33,000 m² will be rented across two office buildings