Markets

Savills European Office Investment: Yield outlook remains stable as cross-border transactions rise in the European office market

Savills reports stable average prime yields for European offices of 4.9% in Q2 2026. Declines in Dublin and Milan, among others, increases in Oslo and Düsseldorf. The cross-border share was 36% in H1 2026, with a focus on prime, energy-efficient locations.

New classification for residential real estate markets: Lübke Kelber develops a residential market classification for 135 German cities for the first time

Lübke Kelber presents the white paper "The ABC of the Housing Market" and develops a residential market classification for 135 German cities for the first time. The study classifies markets into A, B and C and adds "Metro" and "Uni" as location suffices.

REALOGIS: NRW take-up rises to 624,300 square metres by mid-year

NRW recorded take-up of 624,300 m² in the 1st half of 2026 – the second-strongest H1 since 2014. rents remain stable (Düsseldorf 8.25/7.00 €/m², Cologne 8.00/6.85, Ruhr area 7.75/6.50). Stocks dominate with 79%.

Germany-wide analysis shows: Physical climate risks will shift significantly by 2050

A Germany-wide analysis shows significant shifts in physical climate risks until 2050. The study sheds light on regional differences and future risk drivers.

Rhine-Ruhr: Major deals shape the logistics market

In the first half of 2026, the Rhine-Ruhr logistics real estate market is one of the most dynamic in Germany. Many major deals drove take-up, while international users – especially from Asia – were gaining ground. New construction and brownfield projects are supporting the trend; Rents are approaching Cologne/Düsseldorf.

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.

Half-year results 2026 – Aengevelt Research analyzes declining sales in the Frankfurt office market.

Aengevelt Research presents the 2026 half-year balance sheet for the Frankfurt office market. Take-up is falling; The supply reserve and weighted prime rent are shown in a comparison over time. Parts of the 2026 figures are marked as forecasts.

REALOGIS: Ruhr region achieves above-average hall space take-up in the 1st half of 2026REALOGIS: Ruhr region achieves above-average hall space take-up in the 1st half of 2026

REALOGIS reports total take-up of 255,500 m² for the logistics and industrial real estate market in the Ruhr region in the 1st half of 2026, of which 237,800 m² were halls. Rents remained stable (peak €7.75/m², Ø €6.50/m²); five largest deals accounted for 51%, with logistics/freight forwarding leading the way.

The real AI revolution is taking place in the investment process

AI is shifting competition in real asset management from information advantage to efficient processing in the investment process. China's focus on rapid diffusion rather than maximum model performance supports this view. Alpha is created through better process integration and faster decisions.

DIP Office Market Report 1st half 2026: Rising rents amid weak sales and growing vacancies.

The Munich real estate market in detail: new market report from Aigner Immobilien

Aigner Immobilien has published its latest market report for Munich. The publication provides detailed analyses of the districts and new data for the district, shows current prices and classifies market developments including housing policy effects.

REALOGIS: Ruhrgebiet setzte sich im 1. Halbjahr 2026 an die Spitze der deutschen Logistik-Top-8-Märkte

REALOGIS reports take-up of 1.52 million m² at the top 8 logistics locations for H1 2026. With 255,500 m², the Ruhr area leads ahead of Frankfurt and Berlin. Munich remains the most expensive market at €13.50/m², with the Ruhr area being the cheapest; Tenants and big boxes dominate.

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.

REALOGIS: Major deals shape Cologne’s market for industrial and logistics properties in the 1st half of 2026

In the Cologne market for industrial and logistics properties, 175,800 m² was taken up in the 1st half of 2026, driven by a few major deals. Hall space increased by 105%; 97% were attributable to existing properties. Rents remained stable (peak 8.00 €/m², Ø 6.85 €/m²).

Statements from the real estate industry on today’s ECB interest rate decision

Representatives of Ypsilon, IREBS, BF.direkt and CR Investment Management comment on the unchanged ECB key interest rate decision. They point to inflation risks from rising oil prices and, depending on the project, recommend long-term fixed interest rates; Stability supports the real estate market.

The European Central Bank is leaving the deposit rate at 2.25% as expected

As expected, the ECB is leaving the deposit rate at 2.25%. Falling inflation (euro area 2.8%, Germany 2.3%) provides room for manoeuvre, but geopolitical risks and energy prices are creating uncertainty. For the real estate industry, the interest rate pause means continuity; further steps remain data-dependent.

BNP Paribas Real Estate publishes retail market data for the first half of 2026

BNP Paribas Real Estate reports stable footfall in the top 25 shopping streets for H1 2026 (183 million, -0.8%). The letting volume is around 238,000 m² (-5%), above average. International brands are expanding; Prime rents are rising slightly in some cases.

Hamburg’s industrial and logistics real estate market remains supply-driven

CBRE reports around 196,000 m² of take-up in the Hamburg industrial and logistics market for H1 2026, a drop of 10% due to a shortage of supply. The prime rent rises to €9.00/m². The vacancy rate remains very low; nevertheless, a higher annual result is expected for 2026.

REALOGIS: Düsseldorf’s logistics market remains well above the 5-year average in the 1st half of 2026

REALOGIS reports total take-up of 193,000 m² for the Düsseldorf logistics market in the 1st half of 2026. Take-up of hall space was 17% above the 5-year average; Prime rents (€8.25/m²) and average rents (€7.00/m²) remained stable.

The hotel real estate market is becoming more selective – stable cash flows are becoming a key criterion

The hotel real estate market in Germany and Austria will be stable in 2026 despite an uncertain environment. Investors and financiers are paying more attention to resilient cash flows, operator quality and professional asset management; Project developments focus on revitalization and private debt is gaining in importance.

Comeback after the crisis: Aigner real estate market report shows trend reversal in the district of Munich

After two weak years, the real estate market in the district of Munich recovered noticeably in 2025: 3,174 transactions, cash turnover of around 2.94 billion euros. Semi-detached and terraced houses Ø 995,000 euros, below 1 million euros for the first time since 2018

“Aengevelt analyzes sales growth in the Berlin office market”

Aengevelt analyzes the Berlin office market. The presentation focuses on take-up, supply reserve and weighted prime rent; among other things, values for 2022–2026 and a 10-year Ø of 756,000 m² are shown. Source: Own surveys.

Projektentwicklungsmarkt zwischen Aufhellung und Realisierungsstau: Baustarts bleiben auf niedrigem Niveau

Der Development Monitor zeigt eine wachsende Lücke zwischen Planung und Realisierung: Rund 31% des Ende 2023 erwarteten Wohnvolumens werden aktuell nicht wie geplant umgesetzt. Baustarts liegen 67% unter dem Peak. Verzögerungen nehmen zu, die Pipeline bleibt vor allem in der Planung stecken.