The Berlin office lettings market is gaining significant momentum following the first three quarters of 2026. At 536,000 square metres, take-up is around 47 per cent higher than the previous year’s level and has already exceeded the full-year figure for 2025 after just nine months. Large-scale deals, in particular, are shaping market activity. The lease signed by the BVG is the largest lease agreement concluded in Germany so far this year.
In the investment market, the picture is more subdued. Transaction volume for the first three quarters stands at around 1.17 billion euros, which is 44 per cent below the previous year’s figure. Office properties retain their leading position with a market share of 45 per cent, whilst selective acquisitions and special situations are shaping market activity. Foreign investors continue to account for a significant proportion of market activity, representing just under 60 per cent of the transaction volume.
For the year as a whole, Colliers expects office space turnover of around 700,000 square metres and a transaction volume of around 1.6 billion euros.
