Markets

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Foto von Markus Spiske auf Unsplash
Quarterly Report

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.

Survey

Survey: Real asset investments will remain an important pillar in bank sales in 2026

Private bankers will continue to focus on tangible assets in 2026, with strong interest in residential and logistics real estate as well as energy and transport infrastructure. A survey by RUECKERCONSULT in cooperation with partners shows stable demand and constant placement volumes in the private markets sector.

Analysis Article Comment Discussion

Negative power prices – a European phenomenon

Last year, we hosted a webinar in partnership with NTR exploring the phenomenon of negative power prices in Europe. Here, we recap the key findings of that discussion.

AWI Index
Comment Report Survey

“Aengevelt Residential Investment Index AWI remains at a high level.”

The Aengevelt Residential Investment Index (AWI) has fallen to 66 points in the current 2025/2026 winter survey, but still remains stable at a high level. Dr. Wulff Aengevelt emphasizes that despite favorable market conditions, there is a lack of government incentives for new buildings.

Mietpreisspanne / Quelle: REALOGIS
Analysis Quarterly Report

REALOGIS: Hamburg’s market for logistics and industrial real estate on the road to recovery in 2025

Hamburg's logistics and industrial real estate market recorded a recovery in 2025 with take-up of 335,000 m², an increase of 22% compared to the previous year. Important deals were concluded by companies such as Körber Technologies and Scan Global Logistics.

Foto von Ingo Joseph
Analysis

Berlin residential investment market 2025: Market activity increases with stable volume

Berlin's residential investment market was buoyant in 2025, with a transaction volume of 4.18 billion euros and a 23% increase in the number of transactions. The demand for individual properties up to 20 million euros increased significantly.

Konrad Finkenzeller, Member of the Board, PATRIZIA (Quelle: PATRIZIA)
Comment

“The biggest opportunity for investors now is the favorable entry point, which will close again in the future”

Konrad Finkenzeller, Member of the Board, PATRIZIA, comments on the German real estate investment market in 2026 at an online press conference.

André Zücker, CO-CEO KGAL Group (Quelle: André Zücker)
Comment

“2026 will be marked by change – a year of actions and reactions. We need the push forward now”

Statement by André Zücker, CO-CEO KGAL Group, at an online press conference on the German real estate investment market in 2026.

Dr. Christine Bernhofer, Vorsitzende des Vorstands der Real I.S. AG
Comment

“Pension funds, insurance companies and pension funds are again showing noticeably more interest in our discussions”

Dr. Christine Bernhofer, Chairwoman of the Management Board of Real I.S. AG, comments on the German real estate investment market in 2026 at an online press conference.

Kai Mende, CEO von CBRE Germany und City Lead Berlin (Quelle: CBRE)
Comment

“2026 will be the year of asset managers”

Assessment of the German real estate investment market in 2026 by Kai Mende, CEO of CBRE Germany and City Lead Berlin, at an online press conference.

Henning Koch, Vorstandsvorsitzender und CEO bei Commerz Real (Quelle: Commerz Real)
Comment

“2026 is a good entry year for many investors”

Henning Koch, Chairman of the Board and CEO at Commerz Real, comments on the German real estate investment market in 2026 at an online press conference.

Logistikzentrum
News

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.

REALOGIS Logo (Bildquelle: REALOGIS)
News

REALOGIS: Large-scale deals led to a significant increase in take-up in Munich’s logistics and industrial real estate market in 2025

In 2025, the REALOGIS Group recorded an increase in take-up to 320,000 m² in Munich, which corresponds to an increase of 39%. The prime rent reached €13.50/m², and retail was the largest user group with 115,900 m².

Example Caption
Discussion

Between the city centre and the outskirts – Where the market for retail real estate will move in 2026

The retail real estate market is polarizing, with specialty stores as the resilient core. Experts expect a moderate revival of the transaction markets in 2026 with a sideways movement in prices.

Wärmebild
Analysis Report

New study by Wüest Partner: Energy efficiency has a measurable and stronger impact on real estate prices and rents than ever before

A new study by Wüest Partner shows that the price effect of energy efficiency on real estate prices has risen by over 30 percent since 2024. Every worse efficiency class leads to measurable reductions in prices and rents, which makes energy efficiency a decisive factor.

Foto von Claudio Schwarz auf Unsplash
Quarterly Report

Turnover in the Berlin logistics market increased significantly compared to the previous year, large-scale contracts stimulate the market

The Berlin logistics market achieved take-up of 425,000 m² in 2025, which corresponds to an increase of 55% compared to the previous year. Retail companies made a significant contribution of around 39% to sales.

Foto von Matthias Reumann auf Unsplash
Quarterly Report

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.

Foto von Đăng Nguyễn auf Unsplash
Quarterly Report

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.

Foto von Artem Zasypalov auf Unsplash
Quarterly Report

Balance sheet 2025 – Outlook 2026: Aengevelt analyses declining office market in Düsseldorf.

Aengevelt Research has analysed the office market in Düsseldorf and points to a declining annual result. The supply reserve is growing, while prime rents continue to rise.

Ruhrgebiet
Quarterly Report

Logistics: Ruhr region clearly at the top of the location ranking, result above average again for the first time since 2021

The logistics market in the Ruhr region achieved an exceptional result in 2025 with a total take-up of around 637,000 m², which corresponds to an increase of 78% compared to the previous year. Important deals with DHL in Unna and an e-commerce company in Dortmund contributed to this, while the prime rent rose to €8.00/m².

Copyright: Aengevelt Immobilien
Analysis Quarterly Report

Balance sheet 2025 – Outlook 2026: Aengevelt analyses top position for Frankfurt office market.

Aengevelt has presented the balance sheet for 2025 and the outlook for 2026 and analyses the top position of the office market in Frankfurt. Important developments are the significant increase in office space take-up and the prime office rent level.

Joel Adam / Copyright: REALOGIS
Quarterly Report

REALOGIS: Stuttgart’s logistics real estate market stabilises at a low level

The logistics and industrial real estate market in Stuttgart recorded take-up of 113,700 m² in 2025, a decline of 9% compared to the previous year. Esslingen replaces Ludwigsburg as the region with the highest turnover, while the prime rent stagnates at €8.50/m².

Logo von REALOGIS Unternehmensgruppe (Bildquelle: REALOGIS)
Quarterly Report

Frankfurt’s industrial and logistics real estate market with slight increase

In 2025, the Frankfurt market for industrial and logistics real estate recorded take-up of 435,200 m², which corresponds to an increase of 3% compared to the previous year. The prime rent rose to €8.50/m². Subletting became more important.

Foto von Jan-Philipp Thiele auf Unsplash
Quarterly Report

Frankfurt investment market: Turnover down by around half, but stronger 4th quarter – several major deals under negotiation at the turn of the year

The Frankfurt investment market experienced a significant decline in revenue to €770 million in 2025, mainly due to a lack of major deals. However, a recovery is expected in 2026, supported by a well-filled pipeline and a strong office leasing market.

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