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Quarterly Report

Berlin’s logistics real estate market continues its upward trend

REALOGIS reports 211,000 m² of take-up in Berlin for H1 2026; Hall space +21% compared to the previous year. Major deals from JD Logistics (41,430 m²) and ASML (27,000 m²), among others, shaped the market. Prime rent €10.50/m², average €8.10/m²; Existing properties dominated.

by REALOGIS

Markets Real Estate

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Analysis Quarterly Report

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%).

by JLL

Markets Real Estate

Investmentmarkt München im Städte-Ranking vorne

Analysis Quarterly Report

Munich investment market at the top of the city ranking

Munich's investment market leads the A-city ranking in 2026: With around €1.24 billion, it was the only city above the billion mark in the middle of the year. City and office deals characterize the events; Prime yields largely stable, logistics at 4.60%. Outlook cautiously optimistic.

by BNP Paribas Real Estate

Markets Real Estate

Analysis Quarterly Report

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.

by JLL

Infrastructure Markets

Investmentmarkt Hamburg: Rang 2 unter den Top-Märkten

Analysis Quarterly Report

Investment market Hamburg: 2nd place among the top markets

Hamburg's investment market generated €967 million in the 1st half of 2026 (+19% year-on-year), the best half-year result since the interest rate turnaround. With €667 million in Q2, Hamburg is in second place behind Munich. Retail and logistics show strength; the outlook is brightening despite the risks.

by BNP Paribas Real Estate

Markets Real Estate

Analysis Quarterly Report

Market activity on the Berlin investment market still subdued in the middle of the year

The Berlin investment market recorded around €633 million in the 1st half of 2026, around 52% below the previous year. Transactions remain fragmented, prime yields rise slightly. An increase in sales is expected for the second half of the year despite an uncertain environment.

by BNP Paribas Real Estate

Markets Real Estate

Analysis Quarterly Report

Savills examines real estate investment market Munich: Transaction processes remain lengthy, buyers act selectively

According to Savills, around 920 million euros were invested in Munich in the 1st half of 2026 – about the same as in the previous year, but 53% below the 10-year average. Transactions drag on, buyers are selective; Prime yields: office 4.0%, commercial buildings 3.9%.

by Savills

Markets Real Estate

Healthcare-Investmentmarkt mit bester Halbjahresbilanz seit 2022

Analysis Quarterly Report

Healthcare investment market with best half-year results since 2022

BNP Paribas Real Estate reports €1.6 billion in the German healthcare investment market for H1 2026 – the best half-year since 2022. Portfolios accounted for 84%, foreign investors accounted for 87%. Prime yield 5.20%. Outlook: Annual volume of €2.5–3.0 billion realistic.

by BNP Paribas Real Estate

Infrastructure Markets

Seitwärtsbewegung auf dem Bürovermietungsmarkt – Berlin und München mit starken Flächenumsätzen

Analysis Quarterly Report

Sideways movement in the office letting market – Berlin and Munich with strong take-up

BNP Paribas Real Estate reports office space take-up of 1.3 million m² in the top 8 for H1 2026, the market is stagnating. Berlin (373,000 m², +51%) and Munich (354,000 m², +38%). Vacancy rate is 9.1 million m²; Construction volume drops to 2.2 million m²; Frankfurt's prime rent rises to €57/m².

by BNP Paribas Real Estate

Markets Real Estate

Analysis Quarterly Report

Healthcare real estate investment market continues recovery in the first half of the year

The German healthcare real estate investment market generated a volume of EUR 1.38 billion (+48%) in the 1st half of 2026. Nursing homes dominated, hospital deals brought impetus; Prime yield for nursing homes at 5.5%. CBRE expects solid market activity for H2.

by CBRE

Markets Real Estate

Analysis Quarterly Report

Retail real estate investment market with subdued first half of the year – but market offering grows significantly

CBRE reports a transaction volume of EUR 1.9 billion in the German retail real estate market for H1 2026 (−35%). The range of high-quality assets and portfolios is increasing, and prime yields remain largely stable. For 2026, 5–6 billion euros are expected.

by CBRE

Markets Real Estate

Analysis Quarterly Report

Savills examines real estate investment market Berlin: Stakeholders remain in scanning mode

In the 1st half of 2026, around 2.1 billion euros were invested in Berlin – 6% less than in the previous year and 55% below the 10-year average. Prime yields: office 4.5%, commercial buildings 4.4% (stable). Savills sees the market continuing to be in sampling mode; Residential real estate led in a 12-month comparison.

by Savills

Markets Real Estate

Analysis Quarterly Report

Geopolitical realities meet forward-looking user requirements in industry and logistics

The market for industrial and logistics investments in Germany remained almost stable in H1 2026 at EUR 2.4 billion (-1%). Stricter financing makes deals more difficult, with individual transactions dominating (68%). Gross prime yield rises by 25 bp to 5.00%; Colliers sees opportunities in special real estate.

by Colliers

Markets Real Estate

Analysis Quarterly Report

Savills examines the real estate investment market in Frankfurt am Main in Q2-2026: Liquidity for large properties remains low

Savills analyses the Frankfurt real estate investment market in Q2 2026. In the 1st half of the year, EUR 320 million was generated (+9% year-on-year), 82% below the 10-year average; approx. 20 transactions (−10%). Prime yields unchanged at 4.5%/4.3%; major deals remain difficult, Opernturm sale cancelled.

by Savills

Markets Real Estate

Analysis Quarterly Report

Savills examines real estate investment market Hamburg: Successful transactions remain hard work

Savills reports around EUR 1.1 billion in investment turnover in Hamburg in the 1st half of 2026 (+18% year-on-year, 40% below 10-year average). About 60 deals in 12 months; Prime yields: office 4.2%, commercial buildings 4.3%. Quality in demand in top locations; Family offices remain active.

by Savills

Markets Real Estate

Marktdynamik an den Top-5-Büromärkten bleibt diversifiziert: Berlin und München setzen Impulse in einem weiterhin selektiven Marktumfeld

Analysis Quarterly Report

Market dynamics in the top 5 office markets remain diversified: Berlin and Munich provide impetus in a market environment that remains selective

CBRE reports 1.13 million m² of take-up (−6.1%) in the top 5 office markets for the first half of 2026. Berlin and Munich are driving thanks to tech and AI demand. Prime rents are rising everywhere, vacancy rate around 8.5%. Outlook: slight stabilisation in the course of the year.

by CBRE

Markets Real Estate

Analysis Quarterly Report

Savills: German office investment market continues to make progress

In the 1st half of 2026, the German office investment market generated around EUR 2.3 billion (+10% year-on-year), according to Savills, but was 71% below the 10-year average. Prime yields mostly stable, Düsseldorf +10 bp, average approx. 4.4%. Market in discovery phase; Top 6 volume +74%, transactions +8%.

by Savills

Markets Real Estate

Analysis Quarterly Report

Savills examines the German investment market for healthcare real estate in the second quarter of 2026: Medical centres drive transaction activity

Savills analyzes Q2/2026 in the German healthcare real estate market. In the 1st half of the year, sales of more than 1.4 billion euros were made, strongly driven by medical centres. Prime nursing home yield rises to 5.3%, medical centres (4.7%) and assisted living (4.5%) remain stable; Annual volume could reach 2 billion euros.

by Savills

Markets Real Estate

Analysis Quarterly Report

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).

by JLL

Markets Real Estate

Analysis Quarterly Report

Savills examines real estate investment market in Cologne: Significantly increased supply meets persistently selective demand

Savills reports around 200 million euros for Cologne in the 1st half of 2026 – 51% less than in the previous year and 74% below the 10-year average. In 12 months, 34 transactions were recorded; Prime yields for offices and commercial buildings remain unchanged at 4.4%.

by Savills

Markets Real Estate

Analysis Quarterly Report

Savills examines investment market for hotel and accommodation properties: Operator dynamics create opportunities through repositioning

In the 1st half of 2026, the transaction volume with hotel and accommodation properties was around EUR 572 million (−45% year-on-year), according to Savills; Q2 reached 360 million euros, classic hotels dominated with 469 million euros (82%), serviced apartments came to almost 100 million euros.

by Savills

Markets Real Estate

Analysis Quarterly Report

Savills examines real estate investment market in Düsseldorf: Still challenging environment, but better conditions for deals

According to Savills, around 824 million euros were invested in Düsseldorf in the 1st half of 2026 – 166% more than in the previous year, but 29% below the 10-year average. Prime office yield: 4.6%, commercial buildings: 4.4%. Despite the challenging environment, the chances of closing the deal are increasing and activity is likely to increase.

by Savills

Markets Real Estate

Article Quarterly Report

Savills examines German market for industrial and logistics real estate: Solid first half of the year despite geopolitical situation, portfolio deals remain rare

Savills reports around EUR 2.3 billion in investments in German industrial and logistics real estate for H1 2026: +9% year-on-year, 34% below 10-year average, approx. 110 transactions (+22%), prime yield 4.5%. Portfolio deals 24%; for the first time, major transactions related to armaments.

by Savills

Markets Real Estate

Analysis Quarterly Report

Logistics real estate investment market grows significantly in the first half of 2026

The German industrial and logistics investment market generated a volume of EUR 3.26 billion in the first half of 2026 (+24% compared to H1 2025). Large-volume transactions stimulated the market; the prime yield rose slightly to 4.5%. CBRE sees a continuation of the positive development with more core products.

by CBRE

Markets Real Estate