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Quarterly Report

Frankfurt: Strongest office market in Germany, take-up exceeds 600,000 m² again for the first time

At the end of 2025, the Frankfurt office market recorded take-up of 611,000 m², the best result since 2019. With an increase of 54% compared to the previous year, Frankfurt is the strongest market in Germany, ahead of Munich and Berlin.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Berlin’s office leasing market in 2025 with record number of lease agreements; Real estate investment market remains Germany’s No. 1 despite decline

Berlin's office letting market recorded a record number of lease agreements in 2025, with 900 deals signed, despite a decline in take-up. The real estate investment market remains the leader in Germany, although the investment volume fell by 21 percent.

by CBRE
MarketsReal Estate
Analyse Quarterly Report

Polarisation in Frankfurt’s office letting market: High vacancy rate in the periphery – rising rents for modern space in the centre

In 2025, Frankfurt's office letting market achieved take-up of 543,000 m², an increase of 55.5% compared to the previous year. Despite the high vacancy rate in peripheral locations, prime rents for high-quality office space in the city centre rose by 1.9%.

by Savills
MarketsReal Estate
Quarterly Report

Office leasing market in Berlin Q4-2025: High demand for small-scale, high-quality office space meets limited supply

Savills examined the Berlin office letting market in the fourth quarter of 2025 and found take-up of 537,500 m², a decline of 7.1% compared to the previous year. Despite the increase in prime rents, demand for small, high-quality office space remains high, while there is greater space stability.

by Savills
MarketsReal Estate
Quarterly Report

JLL: Investments in healthcare real estate increased significantly in 2025

Investors in healthcare real estate showed particularly active buying activity in 2025, with an annual volume of 1.4 billion euros. One focus was on nursing homes, while the market could gain new momentum with medical centers.

by JLL
MarketsReal Estate
News Quarterly Report

Hamburg office market: The “market within the market” is becoming visible – and the vacancy rate is rising

In 2025, Hamburg's office market achieved take-up of 410,000 m², 14 per cent more than in the previous year. Subletting and an increasing vacancy rate characterize the market, while the officially reported vacancy rate is 6 percent.

by Robert C. Spies KG
MarketsReal Estate
Quarterly Report

Office leasing market in Düsseldorf Q4-2025: Contract extensions shape market activity

In 2025, take-up on the Düsseldorf office letting market amounted to 202,900 m², which corresponds to a decline of 2.5% compared to the previous year. Savills forecasts a further decline in take-up to around 190,000 m² for 2026.

by Savills
MarketsReal Estate
Analyse Quarterly Report

JLL: Hamburg take-up slightly down, prime office rent up

Hamburg's office leasing market in 2025 was mixed with a decline in take-up of four percent and an increase in vacancy rates. Nevertheless, the prime office rent rose from 36 to 41 euros/m².

by JLL
MarketsReal Estate
Analyse

RATISBONA Handelsimmobilien takes stock of 2025: Timber construction establishes itself in the food retail sector despite challenging market environment

RATISBONA Handelsimmobilien has built a total of 17 new food markets in timber construction in 2025, despite rising construction costs and challenging market conditions. The projects show the ecological and economic advantages of timber construction.

by RATISBONA Handelsimmobilien
CasesMarketsReal Estate
Quarterly Report

Slight upward trend in office investments continues, prime yields remain stable

In 2025, around 6.23 billion euros were invested in office properties in Germany, which corresponds to a 20% increase in transaction volume compared to the previous year. Despite the lack of portfolio sales, a stable market is showing positive trends.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Hamburg investment market: €1.9bn investment volume, market momentum picks up in the final quarter

In 2025, €1.9 billion was invested in Hamburg's commercial real estate market, a decrease of 17% compared to the previous year. In particular, there is a lack of large-volume transactions for a visible market recovery.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Berlin is once again at the top of the A-locations, investment turnover only slightly below the previous year’s level

In 2025, Berlin will remain the leading A-location in Germany with an investment volume of 3.25 billion euros. Despite a slight year-on-year decline, Berlin is outperforming the average of the last three years, thanks in particular to significant transactions such as the sale of the Upper West.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Munich Investment Market: Second place again in a location comparison, 44% of the volume in Q4

The Munich investment market recorded strong growth in the fourth quarter of 2025, with 44% of the annual volume achieved during this period. Particularly noteworthy are two major deals in the city centre, including early Signa properties.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Savills examines real estate investment market in Cologne: Larger core transactions accompany slowly increasing transaction dynamics

According to Savills, 1.5 billion euros were turned over in the Cologne real estate investment market in 2025, which corresponds to an increase of 37% compared to the previous year. Tobias Schneider reports on an increasing range of products.

by Savills
MarketsReal Estate
Quarterly Report

Savills examines real estate investment market Hamburg: More office transactions again with increasing market spread

In 2025, Savills registered around 1.9 billion euros in the Hamburg real estate investment market, a decline of 21% compared to the previous year. Prime yield for offices down 10 basis points.

by Savills
MarketsReal Estate
Quarterly Report

Colliers – Gradual market recovery in large-volume retail properties

In 2025, retail properties worth 5.8 billion euros were traded in Germany, an increase of 16% compared to the previous year. Growth was mainly driven by transaction volume in the fourth quarter.

by Colliers
MarketsReal Estate
Quarterly Report

Logistics investments remain below the previous year overall, individual deals increase significantly and reach the average

The logistics investment market in Germany reached a volume of €6.2 billion in 2025, which is 10% below the previous year. Individual deals increased by 17%, while portfolio transactions declined significantly.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Colliers – Solid market shares for industry & logistics

In 2025, the German industrial and logistics real estate market achieved a transaction volume of 6.0 billion euros, 19 percent less than in the previous year. International investors had a high market share of 61 percent.

by Colliers
MarketsReal Estate
Quarterly Report

Colliers – Declining momentum in large-scale deals limits office space take-up

In 2025, Germany's largest office letting markets recorded take-up of 2.6 million square metres. While Frankfurt showed a dynamic increase, declining large-scale deals in other cities led to a decline in sales. Prime rents continued to rise, especially in Munich and Frankfurt.

by Colliers
MarketsReal Estate
Quarterly Report

Retail investment market: total volume slightly above previous year’s level, Signa properties decisive factor for good take-up in Q4

The retail investment market closed 2025 with a transaction volume of around €6.5 billion, similar to the previous year. Large-volume Signa properties made a significant contribution to sales in the fourth quarter. Retail and food investments will remain in focus for 2026.

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Savills examines the real estate investment market in Munich: Transactions are concentrated on the Altstadtring and are dominated by private capital

In 2025, around EUR 2.4 billion was turned over on the Munich real estate investment market, which corresponds to a decline of 12%. Transactions took place mainly in the Altstadtring and were dominated by private capital.

by Savills
MarketsReal Estate
Quarterly Report

Germany’s office markets confirm last year’s result – accelerated market momentum at the end of the year

Germany's office markets overcame a challenging environment in 2025 and achieved a slight increase in take-up of 1.4% compared to the previous year. Frankfurt achieved the strongest turnover, ahead of Munich and Hamburg. However, the vacancy rate rose by 16% to 8.8 million m².

by BNP Paribas Real Estate
MarketsReal Estate
Quarterly Report

Berlin real estate investment market: Investors are acting cautiously and selectively – many imminent transactions are likely to make for a strong start to the year

In 2025, Berlin's real estate investment market recorded a turnover of around EUR 4.8 billion, a decline of 26% compared to the previous year.

by Savills
MarketsReal Estate
News Quarterly Report

Savills examines top 6 office markets in Germany: High quality of space as a key leasing criterion

Savills has analysed the development of the top 6 office markets in Germany. In 2025, take-up amounted to 2.4 million m², an increase of 2.8% compared to the previous year. Nevertheless, sales remain below the ten-year average.

by Savills
MarketsReal Estate

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