Leipzig's investment market can look back on its best half-year balance sheet since 2022.
In the first half of 2026, a transaction volume of €278 million was recorded. In absolute terms, the result of the trade fair city is still below its long-term average, but at 17% the gap to it is significantly smaller than in the top cities. This is the result of the analysis by BNP Paribas Real Estate.
"The reason for the very solid performance overall is the strong start to the year at €209 million. Here, the Höfe am Brühl shopping center was a clear sales driver with a three-digit million amount. Although the transaction frequency did not decrease over the course of the year, it was mainly only deals of less than €10 million that were concluded. However, the sale of a hotel in the mid-double-digit million range as part of a portfolio sale was an exception here," says Stefan Sachse, Managing Director of BNP Paribas Real Estate GmbH and Leipzig branch manager.
The general conditions for the Leipzig investment market, as well as for the other top markets, remain challenging. The weak economy and geopolitical uncertainties continue to have a dampening effect on market activity. Accordingly, prime yields rose within a twelve-month period: for commercial buildings to 5.00% (+20 bps), for logistics properties to 4.80% (+35 bps) and for premium office properties to 5.60% (+30 bps).
Logistics and office still weakly staffed, apart from the major deal market currently more fragmented
In the first half of the year, retail clearly dominates the Leipzig market with a market share of 60%. The above-average share in a long-term comparison (Ø 10 years: 29%) is mainly due to the acquisition of a majority stake in the Höfe am Brühl shopping centre. The hotel segment follows in second place, with a transaction volume of €50 million attributable to two deals.



