Markets

PTXRE: Selective recovery of the German real estate market expected for 2026 as conditions remain tight

In 2026, the (re)financing gap on the German real estate market will increase, according to PTXRE estimates. Resilient segments of logistics, hotels and retail offer investors broad entry opportunities; Selective opportunities at Büro.

Victor Prime Office office performance index continues moderate growth

The indicator level for the observed top locations in the German real estate strongholds of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich stood at 171.2 points at the end of September 2025. All cities have a positive performance.

Global use of third-party logistics service providers is on the rise – industrial companies are responding to ongoing uncertainty

In the U.S. alone, the segment saw a 12% increase in the second quarter as retailers and manufacturers increasingly turn to 3PLs to better manage supply chain risks.

13th Investment Barometer by Union Investment and HospitalityInside: Subdued expectations, polarising trends

The situation in the German hotel investment market is complex, and the mood is differentiated. While the prospects for their own companies and the industry as a whole are improving slightly compared to the previous year, the revenue development of the hotels is uncertain. The polarization of trends is intensifying.

Savills: European factory outlet centres record increasing investment volume

According to Savills, the investment volume in European factory outlet centers (FOCs) increased to 653 million euros in the first half of 2025. This represents a 3.2% share of the total retail investment market in Europe.

GRR Basic Retail Report 2025: Local supply properties remain Europe’s stable investment anchors

With the fifth edition of its GRR Basic Retail Report, the asset and investment manager GRR GARBE Retail Real Estate GmbH (GRR GARBE Retail) together with JLL presents a comprehensive market analysis of the food retail real estate segment.

Yield beats interest: Residential investments pay off again

A market commentary by Jürgen Michael Schick

Study by Wüest Partner: Cologne area in transition – rents rise sharply, region moves more into focus

Wüest Partner examines 23 cities and municipalities in the Cologne area. Asking rents will increase by an average of 18 percent between the third quarter of 2022 and the third quarter of 2025.

Expert Committee Berlin: Residential and commercial building market continues to grow – capital returns

The Berlin market for residential and commercial buildings (WGH) continues to grow. According to the latest data from the Valuation Committee, the number of transactions in the first three quarters of 2025 rose by around 32 percent compared to the same period last year to 572 sales.

Broad acceptance of fixed office attendance requirements worldwide

JLL study proves the importance of modern workplaces

Savills: Large transactions return to the European office market

An analysis by Savills based on preliminary RCA data shows that the average transaction size for office properties in Europe rose to €30 million in Q3 2025, the highest level in three years.

Logistics companies are once again increasingly attracted to German conurbations

The German market for warehouse and logistics space is extremely stable after three quarters in 2025. A total of around 4.35 million m² was taken up in the first nine months of the year – of which 1.2 million m² or 28 per cent were owner-occupiers.

As expected, the ECB has left the deposit rate at 2.0 percent, sending a clear signal of monetary policy continuity

As expected, the ECB has left the deposit rate at 2.0 percent, sending a clear signal of monetary policy continuity.

In the USA, the central bank is lowering key interest rates to stimulate the economy

In the USA, the central bank is lowering key interest rates to stimulate the economy. This fuels discussions about whether the Fed is still acting independently or has already been manipulated by Trump. Meanwhile, the ECB is sticking to its course of interest rate stability – and that's a good thing.

The ECB’s decision to leave key interest rates unchanged is understandable and correct

The ECB's decision to leave key interest rates unchanged is understandable and correct. Although the inflation rate in the eurozone is approaching the two percent target, price pressures remain in the service sector and in parts of the consumer sector.

Aengevelt analyses dynamic office market in Frankfurt

According to analyses by Aengevelt Research, the Frankfurt office market achieved office space take-up (including owner-occupiers) of around 460,000 m² in the first three quarters of 2025. Compared to the same period last year (Q1–Q3 2024: 262,300 m²), this represents an increase of around 75%.

European residential real estate markets between black swans and grey rhinos

Aengevelt analyses subdued office market in Düsseldorf

According to analyses by Aengevelt Research, the office market in the Düsseldorf region achieved office space take-up of around 164,000 m² in the first three quarters of 2025. Compared to the same period last year, this represents a decrease of approx. 6 %. Compared to the decade average, it is about 40% less.

Commercial real estate financing: Loan-to-values fall by almost ten percentage points in ten years

Loan-to-values (LTVs) in commercial real estate financing have fallen by around ten percentage points over the past ten years. This was the result of a special evaluation by the BF. Quarterly Barometer. The loan-to-value ratio sets the loan amount in relation to the market value.

Is ‘timing the market’ applicable for private markets?

Private markets are built for the long haul, yet recent market shifts are prompting investors to reassess their timing. With rising interest rates affecting valuations and slowing capital flows, is this turbulence a chance to enter at a more favorable point?

Aengevelt: Moderate property market Düsseldorf

According to analyses by Aengevelt Research, the real estate market in Düsseldorf continues to show subdued dynamics. For example, despite an increased number of purchase cases, the money turnover on the Düsseldorf property market in the first half of 2025 fell compared to the same period last year.

Industrial and logistics real estate market in Central Germany with vacancy reduction and recovering take-up

take-up of 370,300 square metres* in the first three quarters of 2025 – 40 per cent more than in the same period last year. Production companies with a share of 52 percent of take-up over the course of the year.

Sentiment survey 2025: Sentiment in the real estate industry differentiated, the index falls to the level of 2023

Sentiment index falls to -0.41. Stabilization expected in the medium term. Investor interest is focused on residential and logistics properties, retail remains stable, office weakens.

German city centres show remarkable stabilisation

This is shown by the recently published Highstreet Report 2025, which bulwiengesa has compiled for the sixth time in a row on behalf of Columbia Threadneedle and analyzes the development of A-locations in 100 German cities.