DIP analyzes moderate increase in take-up in the German office market.

by Aengevelt Immobilien

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DIP analyzes moderate increase in take-up in the German office market.

The most important things in brief:

In 2025, office space take-up (including owner-occupiers) in the office locations analysed by DIP amounted to a total of around 3.26 million m². The result is almost 3% above the previous year's take-up (2024: approx. 3.17 million m²), but 21% below the average value of the last ten years (Ø 2015 - 2024: approx. 4.1 million m² p.a.).
Since 2020, the total supply reserve in the 16 office markets had already increased significantly by almost 4 million m² to around 8.1 million m² by the end of 2024. This trend continued in 2025: DIP analyses a further significant increase of around 1.67 million m² to currently around 9.8 million m² by the end of 2025. The vacancy rate increased accordingly from 6.7% to 7.8%.
At the same time, DIP continues to observe a dichotomy in the office market: While modern space in sought-after inner-city locations that is adequate in particular with regard to increasing ESG and sustainability requirements remains in demand and often achieves new prime rental values, older properties with a modernisation backlog and significantly higher energy requirements as well as rigid, outdated floor plans are coming under increasing pressure in view of the significantly increased level of demand from users.
In line with this development, the average weighted prime rent in the German office markets analysed rose again within one year, albeit only moderately, from EUR 39.90/m² to currently EUR 40.50/m². By contrast, the average rent level for office space in city locations fell slightly at the beginning of 2026 to currently EUR 26.00/m² (beginning of 2025: EUR 26.50/m²).
For 2026, DIP forecasts a slight increase in office space take-up of 3.4 million m², further growth in supply reserves, especially in the area of older existing buildings, and a further moderate increase in prime rents.

DIP analyzes moderate increase in take-up in the German office market.

The most important things in brief:

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