JLL

JLL study: Voluntary sales dominate German real estate investment market

A JLL analysis of the German real estate investment market 2024 to mid-2026 shows that over 70% of sales are voluntary; 17% under financial pressure, 10% from insolvencies. Logistics leads voluntarily with 87%, open-ended mutual funds sell more often under pressure; More pushes expected in 2026.

JLL: AI boom is changing the European data center landscape

JLL sees a structural change in the European data center market as a result of the AI boom. New hyperscaler projects are located on average 175 km from hubs (2022-2025: 46 km) as electricity capacities cause bottlenecks. Frankfurt remains the largest market with 970 MW, while Berlin is growing strongly.

JLL: Office index Victor Prime Office loses points

JLL reports a 3% decline in the Victor Prime Office Index to 169.2 points for Q2 2026. Increased prime yields in all five Class A cities are depressing performance, while rental markets remain stable. Munich shows the most stable development, Berlin the sharpest decline.

JLL study: Artificial intelligence gives new impetus to the labour market

A JLL study with MIT shows that AI is rapidly changing global labor markets, but it is not reducing office space across the board. It identifies four development paths for real estate markets. Munich, Stuttgart and Berlin score points with research, funding and start-up dynamics.

JLL: Institutional market for student housing on course for growth

JLL sees the German stationery market on a growth trajectory: H1/2026 around 200 million euros in transactions; in addition, about 0.4 billion in asset deals and about 2 billion in portfolios under negotiation. International students are driving demand. Focus on efficiency and AI, initial returns 4.1-4.4%.

Bettina Meckel takes over as Head of Asset Management at JLL Germany

Bettina Meckel takes over from Alexandra Meyder-Cyrus, who is leaving the company at her own request. Like her predecessor, Meckel will report to Katie Hynard, Global Lead, Asset Management Services.

JLL: Saller Group buys a retail park in Kerpen near Cologne

The Saller Group has acquired a retail park at Kerpener Straße 150/152 in Kerpen-Sindorf, west of Cologne. Built in 1994, the fully let ensemble offers around 18,000 m² of rental space; Anchor tenants include Modepark Röther, Nike and Müller. JLL advised the seller.

JLL: BFT Group rents 710 m² of office space in the Loftworks in Düsseldorf

The BFT Group is renting 710 m² of office space in the Loftworks in Düsseldorf. The landlord is a property company, represented by BEOS AG, part of Swiss Life Asset Managers. JLL brokered the lease as part of a landlord representation mandate.

JLL: Rental market for warehouse space is back to normal levels

The letting market for industrial and logistics space picked up in the first half of 2026: 3.35 million m² (+16% year-on-year), owner-occupier share 18%. Prime rents remained stable in the metropolises, while take-up rose to 2.49 million m² outside the city. In the Ruhr area, Chinese users turned over 126,000 m².

JLL: Activ-Group buys City Rondell in Villingen-Schwenningen

The Activ-Group has acquired the City Rondell in Villingen-Schwenningen. This meant that the last property from the Highstreet VIII fund changed hands; The seller was the insolvency administrator, Hannover Leasing was responsible for asset management. JLL advised the seller.

JLL: Plenty of tailwind for Hanover’s office leasing market

Hanover's office letting market grew strongly in H1 2026: 72,200 m² (+56% year-on-year; +24% compared to the 5-year average), driven by larger deals; Ø deal size +70% to 838 m². NBank leases 13,500 m². vacancy rate 6.6%; low completions; Prime rent stable at €24.50/m².

JLL: Rental growth weakens significantly in the metropolises

JLL reports a significant slowdown in rental momentum in the eight largest cities for the 1st half of 2026: asking rents +3.0% (previous year: +6.8%), new construction almost stagnating (+0.5%). At the same time, condominium prices continue to recover at +2.9%.

JLL: Positive outlook stabilises Difi financing index

The German Real Estate Financing Index (Difi) stabilised at minus 8.0 points (+1.1) in Q2 2026. The current situation is weak (−15.6), and expectations are almost neutral (−0.3). LTVs are rising, value-add margins are falling; Logistics increases, office weak with comeback hopes.

Realterm buys former Zerres logistics centre in Mönchengladbach

Realterm acquires the former Zerres logistics centre in Mönchengladbach (Regioparkring 4). The property, which was built in 2016, offers 10,500 m² of rental space (7,500 m² hall, 3,000 m² office). Realterm is planning a repositioning including IOS surfaces; JLL brokered the sale.

JLL: Investors focus on food retail and retail parks

JLL reports a retail investment volume of EUR 2.29 billion in H1 2026; Q2 was significantly weaker at EUR 850 million (−40% compared to Q1). Investors focus on food retail and retail parks, top yields stable. A revival is expected for H2.

JLL: Rental market in the retail sector shows continued restraint

The retail letting market remains subdued: 94,400 m² were let in Q2/2026 (-13% compared to Q1), H1 totalled 203,300 m². Berlin leads with 31,200 m² and 51 deals; international concepts account for 61% of the volume. Prime rents largely stable, Nuremberg -15.4%.

JLL: Nuremberg’s office market benefits from larger lettings

The Nuremberg office letting market achieved 65,500 m² of take-up in H1 2026 (+9% year-on-year), driven by a strong Q1 (51,900 m²), while Q2 slowed (13,600 m²). vacancy rate rose to 9.4%; Top rent 19.50 €/m². View: 100,000 m² and 20.00 €/m².

JLL: Public sector drives office turnover in Rhine-Neckar region

The Rhine-Neckar office market closes H1 2026 with around 30,000 m² of take-up. Driven by the public sector: among other things, 10,000 m² for a new town hall in Ludwigshafen; Mannheim 12,000 m². Prime rents are stagnating (Mannheim €22.50/m², Heidelberg €19.50/m², Ludwigshafen €14/m²).

JLL: Investment markets in German metropolises with different dynamics

JLL reports transactions of over 6.5 billion euros (+10%) in the seven top cities for the first half of 2026. Hamburg grows strongly (1.59 billion, +59%), Düsseldorf benefits from three major deals; Frankfurt weak (530 million). Logistics yields stable, prime office yields are rising.

JLL: Hotel investment market sets its sights on the two billion euros

In the first half of 2026, the German hotel investment market generated around EUR 741 million (−18% compared to 2025), partly through the Penta portfolio (approx. EUR 275 million). Demand remains high, with international investors accounting for over 50%. JLL expects a total volume of around two billion euros in 2026.

Office leasing in Leipzig is sputtering

Leipzig's office market remains weak: 31,400 m² were taken up in the 1st half of 2026, around 20% below the previous year and well below the five-year average. Demand for modern space raises the prime rent to €21.50/m², and deals are shifting outside the city. Annual take-up of approx. 80,000 m² expected.

JLL: Investment market for logistics real estate picks up speed with major deals

The German investment market for industrial and logistics real estate achieved its best second quarter in five years in Q2 2026 at EUR 1.8 billion. In H1, transactions amounted to EUR 2.9 billion (+22% year-on-year), driven by major deals; Prime yields stable at 4.5–4.6%.

JLL: Lack of major deals slows down take-up in Stuttgart

In the first half of 2026, take-up on the Stuttgart office market amounted to 68,300 m² – around a third less than in the previous year, mainly due to the lack of major deals (only three >2,500 m²; largest letting just under 7,000 m²). JLL expects around 175,000 m² and a prime rent of €38/m² in 2026.

JLL: Take-up in Munich’s office market grows by a third

The Munich office letting market grew significantly in Q2 2026: 182,600 m² (~+50% year-on-year); in the first half of the year 347,500 m² (+one third). The prime rent rose to €62/m², and the vacancy rate is 8.8%. JLL expects continued momentum and maintains 640,000 m² full-year forecast.

JLL: Substantial increase in take-up on the Berlin office market in the first half of the year

The Berlin office letting market grew strongly in Q2 2026: 238,000 m² of acquisition volume (+77% compared to Q2 2025), totalling 386,100 m² in H1 2026. Top locations remain in demand; the prime rent rose to €48/m². Most rentals in Mitte; JLL expects 600,000 m² for the full year.

JLL: Cologne’s office market hardly gets off the ground in the second quarter

The Cologne office letting market experienced a slump in Q2: only 26,900 m² newly let, 45% below the previous year; H1 totals 73,100 m². Many small closures (Ø 482 m²) characterize the picture; City leads the way with 31,800 m². 41,000 m² completed; Prime rent €32.50/m², possible plus by the end of the year.

JLL: Space shortage causes rents for top offices in Frankfurt to rise

JLL reports rising top office rents for Frankfurt due to a shortage of space. Take-up in the 1st half of 2026 was 176,900 m², only half as high as in 2025; big deals are rare. The prime rent is €55/m² and could rise to at least €56/m² by the end of the year.

JLL: Düsseldorf’s office market has class, but it lacks mass

JLL reports 112,200 m² (-8%) in Düsseldorf for H1 2026 and 60,300 m² in Q2 – supported by a KPMG lease of over 10,000 m² in One Plaza. Deals are concentrated on Kennedydamm, City and Nord. 70,200 m² of new construction, vacancy rate 11.8%, prime rent €46.

JLL: Hamburg’s office market struggles with fragmentation

Hamburg's office letting market recorded more deals in H1 2026, but 18% less space (189,300 m²). Big deals are missing; the Ø deal size decreases to 709 m². Prime rent remains at €41, vacancy rises to 7.2%; Largest deals include: MSC 13,000 m², InnoGames 8,600 m².

JLL: Prime rents for logistics space are only in Kassel/Bad Hersfeld

JLL reports only one change in logistics prime rents for Q2: In Kassel/Bad Hersfeld +3% to €6.70/m², there were no declines. Munich leads with €11/m², ahead of Berlin (€10.50) and Düsseldorf (€9); in a year-on-year comparison, Bremen recorded the strongest growth (+15%).

JLL: Healthcare investments grow significantly at the end of the first half of the year

The investment market for healthcare real estate generated EUR 1.8 billion in H1 2026 (Q2: EUR 690 million; previous year: EUR 460 million). 35 transactions with 145 properties, foreign buyer share 83%. nursing homes dominate (58%); Prime yields approx. 5%, assisted living 50 bps lower.

JLL: Uncertainties and cost increases are slowing down demand for office space

JLL reports 1.35 million m² of take-up in the seven metropolises for H1 2026, around 5% below the previous year. Demand remains selective; Berlin and Munich revive, Frankfurt weak. Vacancy rate rises to 8.5%, completions are declining, prime rents are higher in some cases (Munich 62 €/m²).

JLL: Good second quarter ensures stable development in the residential investment market

The commercial residential investment market in Germany stabilised at EUR 4.3 billion in the 1st half of 2026. In Q2, the volume increased to EUR 2.6 billion (+58% compared to Q1); foreign investors expanded net by 1.33 billion euros. Metropolises remained underrepresented; Prime yields stable at 3.51%.

JLL: HypoVereinsbank rents around 700 m² in Cologne city centre

HypoVereinsbank is leasing around 700 m² at Kölner Breite Straße 137–139. Of this, 170 m² is retail space and 520 m² office space; the office has been occupied, the shop space is still being renovated. The owner is DEVK; other tenants are Rossmann and Triumph; JLL brokered the deal.

JLL: The German investment market confirms its moderate upward trend

The real estate investment market in Germany is continuing its moderate upward trend: at the end of the first half of 2026, around EUR 17.6 billion was turnover, around 15 percent more than in the previous year. Individual deals increased, portfolios remained weak; Foreign investors accounted for 44 percent, and prime office yields rose.

JLL: Companies put more properties on the market again in 2025

JLL reports higher corporate real estate sales for 2025: In Germany, the volume rose to EUR 2.6 billion (+13%). EMEA-wide, sales amounted to EUR 19.4 billion (+25%, 553 deals). Industry/logistics increased, offices lost; Sale-and-leaseback remained a driving force.

JLL: Logistics service provider leases 37,300 m² of usable space in Segro Park Dortmund

An international 3PL from the healthcare sector is leasing almost 37,300 m² in Segro Park Dortmund (Hall C: approx. 33,000 m² warehouse, 900 m² office, the rest mezzanine). Handover is planned for October. Segro aims for DGNB platinum; JLL brokered the lease.

JLL: Deficit in housing construction is higher than previously assumed

JLL sees new residential construction in 2026 at a historically low level: the actual deficit is around 80,000 apartments per year. Metropolises suffer from shortages, rural areas partly from oversupply; Record construction costs are depressing profitability, and initial signals remain fragile.

JLL: MAN is leasing around 18,000 m² in the industrial park in Günzburg

MAN Truck & Bus is leasing around 18,000 m² in the "Link" industrial and commercial park in Günzburg; of which 15,200 m² is a warehouse, supplemented by mezzanine and office space. JLL brokered the degree; the 49,700 m² site held by Frasers Property Industrial is around 40% let, with DGNB platinum targeted.

JLL: French investor acquires Marien Carrée in Neubrandenburg

Arkéa REIM acquires the Marien Carrée business centre in Neubrandenburg for the special AIF "Transitions Europe". The property, located on the market square, comprises over 6,300 m² of rental space and 14 units with anchor tenants such as TK Maxx and dm. JLL accompanied the seller.

JLL study: By 2030, many data centers will be built in Germany beyond the metropolises

A JLL report shows that Germany's data center market will grow strongly beyond the metropolises by 2030. Frankfurt remains in the lead, Berlin is growing the most; large-scale decentralised projects are being built in Hamm and Lübbenau, among other places. Market volume could rise to $12.84 billion; Energy is becoming a key factor.

JLL: Dwindling demand in Europe’s office rental markets

JLL's EMEA office property clock for Q1 2026 shows declining letting activity: office take-up fell by 14%. At the same time, prime rents rose by 5.6% (YoY) and 0.7% (QoQ) respectively, and the vacancy rate stands at 9.4%. Scarce supply of new buildings and higher office presence support the outlook.

JLL: Private education service provider rents 1,600 m² in Hanover

An education service provider from Lower Saxony is renting almost 1,600 m² in the Office Tower, Lange Laube 31, in Hanover and is taking over the 7th and 9th floors. JLL advised the user and brokered the lease. The building is owned by Aroundtown.

JLL: Korean cosmetics brand Moida K-beauty plans market entry in Hamburg

Moida K-beauty is launching its first store in Germany in Hamburg. The Korean cosmetics concept has rented 1,200 m² in the Semperhaus, Spitalerstraße 10, from JLL; the areas were previously used by Depot, handover shortly. JLL is advising on expansion.

JLL: French fund buys mixed-use building ensemble in Cologne

An institutional investor has sold a mixed-use real estate ensemble with around 6,500 m² (office, warehouses, local suppliers) in Cologne. The buyer is a French real estate fund. JLL advised the seller and brokered the transaction.

JLL: Victor Prime Office to tread water at the beginning of 2026

The office performance indicator Victor Prime Office increased by only 0.3 percent in the first quarter of 2026 compared to the previous quarter. Since the outbreak of the Middle East conflict, it has shown a sideways movement; the Iran war slowed down activities. The indicator level in prime locations was 174.5 points at the end of March.

JLL: Data center specialist Jens Bertram takes on management role at JLL

JLL has appointed data center specialist Jens Bertram as Data Center Director Germany on May 15, 2026. He will strategically build up and expand the data center business, coordinate across divisions in the data center segment and drive solutions for investors, developers and operators. Bertram brings over 30 years of international management experience, including from British Telecom and most recently as Director Operations & Facility DACH at NorthC Datacenters.

JLL: Worse mood pushes Difi into the red at the start of the year

The German Real Estate Financing Index (Difi) fell by almost ten points to minus 9.1 at the beginning of 2026; The financing situation and expectations are assessed more pessimistically. Despite the gloomy climate, new lending business from Germany's major real estate banks increased significantly in 2025, while alternative financiers are expanding their offerings. Residential remains the best-valued asset class, but geopolitical uncertainties and higher interest rates are clouding the outlook.

Logistics service providers stabilise the rental market for warehouse and industrial space

JLL: Purealis acquires light industrial property in Upper Bavaria

Purealis has acquired a light industrial property in Obertaufkirchen (Mühldorf am Inn district) as part of a sale-and-leaseback. The property, which was completed in 2017 in accordance with the KfW 55 standard, offers around 2,500 m² for office, laboratory, production and logistics; The seller and future tenant is the Velaris Group. JLL advised the seller, Purealis plans the long-term portfolio management.

JLL personnel details: Peter Tölzel hands over JLL Healthcare Investment management to David Keller

JLL announces that Peter Tölzel is handing over the leadership of the Healthcare Investment to David Keller. Tölzel will focus on complex consulting mandates, while Keller will continue to lead the team as the new head. These changes will come into effect on May 1, 2026.

Julian Schinke joins JLL as EMEA Consulting Industrial Lead

Industrial engineer advises international corporations in the transformation phase

JLL: Prime rents in retail: Düsseldorf outstrips Berlin

In the first quarter of 2026, Düsseldorf displaced Berlin as the second most expensive shopping city in Germany, as rents there rose by 7.4%. In Germany, the retail market is showing stability overall, while take-up was 103,100 m² in the first quarter. The textile industry is proving to be the main driver of the rental market.

JLL: Industrial insurer MSIG Europe leases 3,400 m² in the KölnTurm

MSIG Europe SE has leased an area of 3,400 m² in the KölnTurm in the Mediapark. The move is planned for winter 2026/2027. JLL brokered the lease.

JLL: Industrial and logistics properties make a steady start to the investment year

The German investment market for industrial and logistics real estate recorded a transaction volume of EUR 1.09 billion in the first quarter of 2026, comparable to the previous year. International investors were responsible for much of the revenue, while prime yields remained stable.

JLL: Pipeline on the Frankfurt office market is filling up only slowly

In the first quarter of 2026, the Frankfurt office market showed a sharp decline in take-up of space at just 75,200 m² compared to 200,100 m² in the previous year. Large leases were rare, with only DZ Bank securing 21,200 m². Suat Kurt forecasts an increase in the letting volume in the course of the year, despite a shortage of space.

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