Markets

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.

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.

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.

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.

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.

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.

Colliers – Strong second half of the year drives Munich’s industrial and logistics real estate market

The Munich industrial and logistics real estate market achieved take-up of 236,100 sqm in 2025, which corresponds to an increase of 20% compared to the previous year. The strongest user group was formed by companies from the manufacturing industry.

Balance sheet 2025 – Outlook 2026: Aengevelt analyses the subdued office market in Berlin.

Aengevelt has analysed the office market in Berlin. Office take-up has fallen, the supply reserve has increased, while the prime rent level remains stable.

Very subdued year on the Leipzig investment market

The Leipzig investment market had a very subdued year in 2025 with a volume of only €204 million (-41%). Despite temporary increases in transactions, it was not possible to conclude any major deals beyond the € 50 million mark.

German industrial and logistics real estate market regained momentum in 2025

The German industrial and logistics real estate market achieved take-up of 5.2 million square metres in 2025, an increase of six per cent compared to 2024. The highest rent increases were recorded in Munich, Frankfurt/Rhine-Main and Stuttgart, while Leipzig experienced a decline.

Logistics take-up increases significantly compared to the previous year – significantly more large-scale contracts again

In 2025, the logistics market in Germany achieved take-up of almost 6.1 million m², which corresponds to an increase of almost 14% compared to the previous year. Above all, the number of large contracts has increased, and logistics service providers stand out as a leading industry.

Colliers – German industrial and logistics leasing market with slight growth in 2025

The German industrial and logistics real estate market achieved take-up of 5.9 million square metres in 2025, which corresponds to an increase of 4 per cent compared to the previous year. Logistics service providers accounted for the largest user group with a share of 39 percent.

GARBE PYRAMID MAP: Broad stabilization with selective upward trends on European logistics real estate markets

The GARBE PYRAMID MAP shows stabilization in the European logistics real estate markets, with selective upward trends in countries such as the UK, Spain and Italy. Tobias Kassner from GARBE Industrial explains the importance of in-depth market knowledge in this context.

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.

Dortmund office market with second-best take-up since the start of the survey, prime rent rises significantly

With take-up of 146,000 m² in 2025, the Dortmund office market achieved an increase of almost 45% compared to the previous year. The prime rent also rose by €0.50/m² to €23/m² and detailed deals made a significant contribution to the result.

Essen office market: Subdued full-year balance for 2025, prime rent nevertheless rises to €20/m²

The Essen office market recorded take-up of 68,000 m² in 2025, which corresponds to a decline of 27% compared to the previous year. Despite subdued market activity, prime rents rose by 11% to €20/m². The public administration led the market demand with 35%.

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.

Apartment building market report 2025/2026: Berlin residential investment market shows increase in sales figures, but no price increases yet

The Berlin residential investment market will show an increase in purchase cases in 2025 without significant price increases. Average prices per square metre remain stable, while there are significant fluctuations within district prices.

Bremen’s apartment building market: Stability with positive prospects

The Bremen apartment building market will show stability in 2025 with increasing transactions and stable prices. Regional investors are shaping the market, while financing conditions are easing and rents are rising slightly.

REALOGIS: Berlin logistics real estate market with noticeable upturn

REALOGIS observed a significant revival in Berlin's logistics and industrial real estate market in 2025, with take-up of 433,000 m². Prime and average rents have risen, and retail remains the largest customer.

Market analyses and investment opportunities 2026: Why existing apartments are winning the race

Colliers – Hotel is one of the winners in the investment market 2025

In 2025, the German hotel investment market achieved a transaction volume of 1.66 billion euros, an increase of 19 percent compared to the previous year. A-cities such as Munich and Berlin topped the ranking, with a particular focus on core products.

Aengevelt survey: Mood in the housing industry is clouding over again.

The current Aengevelt survey shows that the mood in the housing industry has once again deteriorated. Participants fear a reduction in new business and a slowdown in sales momentum. At the same time, there is increasing optimism about companies' asset losses.

Healthcare investment market: Revenue up 18% year-on-year, prime yields stable

The healthcare investment market in Germany recorded a transaction volume of € 1.4 billion in 2025, which represents an increase in revenue of 18% compared to the previous year. The prime yield remained stable at 4.90%.