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Quarterly Report

Savills examines Düsseldorf’s office letting market in the first quarter of 2026: Uncertain environment leads to subdued start to the year

Savills analysed the Düsseldorf office letting market in the first quarter of 2026. Take-up amounted to 38,700 m², which corresponds to a decline of 9% compared to the previous year. The prime rent remained stable at EUR 46.00/m².

Quarterly Report

Strong first quarter – Munich office market back on track

The Munich office market recorded take-up of 172,000 m² in the first quarter of 2026, which corresponds to an increase of almost 26% compared to the previous year. Particularly large contracts contributed to this success.

Bürovermietungsmarkt in München (Bildquelle: Savills)
Quarterly Report

Savills examines office leasing market in Munich: Major deals ensure a dynamic start to the year

Savills examined the office letting market in Munich in the first quarter of 2026 and recorded take-up of 157,000 m², an increase of 8% compared to the previous year. Despite the rising vacancy rate, prime rents rose by 1.7% compared with the previous quarter.

Büroflächenumsatz und Leerstand Frankfurt Q1 2026 (Savills)
Quarterly Report

Savills examines the office leasing market in Frankfurt in the first quarter of 2026: Subdued start to the year and selective demand

Savills has examined the Frankfurt office leasing market in the first quarter of 2026 and reports a 66% year-on-year decline in take-up. Prime rents rose by 2.5% and Savills expects a further increase by the end of the year.

Tabelle Industrieinvestmentmarkt Q1 2026 (Bildquelle: Savills)
Quarterly Report

Savills examines the investment market for industrial and logistics real estate in the first quarter of 2026: German investment market for industrial and logistics real estate: Moderate activity at the start of the year amid increasing uncertainty

Savills generated approximately EUR 954 million in the German industrial and logistics real estate market in the first quarter of 2026, a year-on-year decline of 2%. Savills' Bertrand Ehm expressed concerns about rising costs due to geopolitical tensions and the price of diesel. The prime yield on real estate rose to 4.5%.

Transaktionsvolumen Frankfurt am Main Q1 2026 (Bildquelle: Savills)
Quarterly Report

Savills examines the real estate investment market in Frankfurt in the first quarter of 2026: Transaction volumes are getting smaller and processes take longer

Savills has analysed the real estate investment market in Frankfurt in the first quarter of 2026. Although transaction volume is up 154% year-over-year, it's 78% below the 10-year average. The processes are more complex and take longer.

Quarterly Report

Good start to the year in the retail sector – sales up 7%, specialist stores and high-street assets with high premiums

The retail investment market got off to a good start in 2026 with a 7% increase in turnover. Important contributions came from specialist stores and high-street assets.

Transaktionsvolumen Gesundheits-/Sozialimmobilien (Bildquelle: Savills)
Quarterly Report

Savills examines the investment market for healthcare and social real estate in the first quarter of 2026: Two major deals almost equal the overall result in 2025

Savills analyses the German investment market for healthcare and social real estate and finds that the transaction volume in the 1st quarter of 2026 reached almost the entire previous year's level. Two major transactions made a significant contribution to this result.

Bildquelle: Savills
Quarterly Report

Berlin real estate investment market: Broader range meets selective investors

In the 1st quarter of 2026, 675 million euros were turned over on the Berlin real estate investment market, a decline of 60% compared to the same period last year. Prof. Dr. Tayfun Erbil from Savills explains that the market is becoming broader, but also more selective.

Foto von Ozgu Ozden auf Unsplash
Quarterly Report

Savills examines real estate investment market Germany: Iran war increases price and action pressure

Savills analysed the German real estate investment market in the first quarter of 2026 and found that the Iran war is leading to a decline in transaction volumes and rising yields on logistics properties. Public sector and owner-occupiers dominate the market, while healthcare/social real estate and mixed-use properties are recording sales increases.

Quarterly Report

Logistics real estate investment market got off to a positive start in 2026

The German industrial and logistics real estate investment market generated a transaction volume of EUR 1.4 billion in the first quarter of 2026, an increase of 16 percent compared to the same quarter of the previous year. Interest from international investors remains strong, despite a decline in the value-add segment due to product shortages.

Investmenttransaktionsvolumen in Deutschland (Gewerbe- und Wohnimmobilien insgesamt, ohne anteilige Übernahmen von Unternehmensanteilen) (Bildquelle: CBRE Research)
Quarterly Report

Gradual recovery in the German real estate investment market continued at the beginning of 2026

The recovery in the German real estate investment market continued in the first quarter of 2026, with an increase of 20 percent compared to the previous year. Office properties remained the asset class with the highest turnover, while market activity was mainly driven by domestic investors.

Flächenumsatz Top-6 Büromärkte Q1 2026 (Bildquelle: Savills)
Quarterly Report

Savills examines top 6 office markets in Germany: Focus on quality reinforces market polarisation

Savills has examined the top 6 office markets in Germany in the 1st quarter of 2026. The results show a decline in take-up and rising prime rents. The development of the market is characterized by market polarization and increased demand for high-quality office space.

Quarterly Report

JLL: In logistics, prime rents are rising again in many regions

In the first quarter of 2026, prime rents for warehouse and production space rose in five of the 20 German regions monitored by JLL. The increase was particularly strong in Bremen at 15 percent, while in Munich top rents of eleven euros were reached for the first time.

Quelle: JLL
News

JLL: Situation beats mood – the investment market sends positive signals

The German real estate investment market shows a moderately positive picture in the first quarter of 2026 with a transaction volume of 8.9 billion euros. Despite rising financing costs and geopolitical risks, demand remains stable, especially in the area of individual transactions outside the seven major cities.

Quarterly Report

Colliers: Industry & Logistics shows a robust market environment with delayed deals

The German industrial and logistics real estate market started 2026 with a transaction volume of 1.1 billion euros, 3 percent less than in the previous year. Geopolitical conflicts and changed financing conditions are influencing market developments.

Quarterly Report

Moderate start to the year overall in Germany’s office markets, but significant increase in take-up in the top markets of Berlin and Munich

The German office markets experienced a moderate start in the first quarter of 2026, with take-up of 603,000 m² and a decline of 14% compared to the previous year. However, Berlin and Munich recorded significant sales growth of 42% and 25.5%, respectively.

Transaktionsvolumen Hotel- und Beherbergungsimmobilien Q1-2026 (Bildquelle: Savills)
Quarterly Report

Savills examines the German investment market for hotel and accommodation properties in the first quarter of 2026: Hotel investments in demand despite challenges on the operator side

Savills has analysed the German investment market for hotel and accommodation properties in the first quarter of 2026. The transaction volume was just under EUR 163 million, which corresponds to a decline of 61% compared to the average of the last five years. Despite challenges, investor interest in the German market remains high.

Quarterly Report

Munich Investment Market: Increased turnover takes first place in the city ranking

The investment market in Munich recorded a 46% increase in transaction volume to €740 million in the first quarter of 2026. This growth puts Munich in first place in the city ranking of investment markets. Major deals in the central city centre locations made a significant contribution to this result.

Bilquelle: Savills
Quarterly Report

Savills examines real estate investment market Munich: Increasing supply meets cautious investors

Savills reports that in Q1 2026, approximately EUR 400 million was traded in the Munich real estate investment market, a decrease of 4% compared to the previous year. Philipp Traumann comments that demand continues to be driven by private capital in the premium segment.

News

JLL: Geopolitics clouds the outlook for the office markets

In the first quarter of 2026, Germany's seven largest cities recorded a 17% decline in take-up compared to the same period last year. Despite the challenges, prime rents remain stable, especially in the premium locations of cities such as Munich and Berlin.

Quarterly Report

Strongest start to the year on the Frankfurt investment market since 2022

The Frankfurt investment market generated a transaction volume of €354 million in the first quarter of 2026, recording the highest Q1 volume since 2022. The increase was driven in particular by the sale of office properties and major transactions.

Quarterly Report

Logistics investments remain below the previous year overall, individual deals and smaller volumes with high momentum

The logistics investment market will start 2026 with a volume of just under €1.2 billion, which corresponds to a decline of 11% compared to the previous year. Despite the decline, individual deals show high momentum, while portfolio sales declined.

Quarterly Report

Savills: German office investment market faces acid test: More supply meets restrained capital

In Q1 2026, the German office investment market recorded a 22% year-on-year decline in transaction volume. Karsten Nemecek of Savills emphasizes that despite the increased real estate supply, purchases remain limited by selective capital.

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