Leipzig office market: Decline in take-up in 2025, prime rent remains at a high level

The Leipzig office market achieved take-up of 85,000 m² in 2025, around 29% below the previous year's result. The persistently challenging macroeconomic situation continues to have a dampening effect on leasing activity. Although there was brisk movement in the smaller space segment up to 500 m² throughout the year, it was not possible to compensate for the low take-up in the area of larger deals. In the first two quarters in particular, the low number of contracts over 2,000 m² had a noticeable impact on the result. In the second half of the year, however, the market picked up slightly. The two largest leases of the year by Deloitte (8,000 m²) in the Graphisches Viertel/Prager Straße and by Deutsche Bahn (5,600 m²) in the Ringlage office market zone made a significant contribution to this. This is the result of the analysis by BNP Paribas Real Estate.

"The office market zone Graphisches Viertel/Prager Straße was again the submarket with the highest turnover in 2025. With take-up of around 22,000 m², it contributes an above-average 26% to the result and is well ahead of the city centre with 15,000 m²," explains Stefan Sachse, Managing Director and Leipzig Branch Manager of BNP Paribas Real Estate GmbH.

The prime rent in Messestadt has stabilised at €21/m² over the course of the year and continues to be achieved for high-quality space in very good locations in the city. Overall, an upward trend was observed in rental price levels. In most sub-markets, the respective prime rents have risen slightly. Meanwhile, the average rent of the overall market is trading at €13.50/m² (+4% year-on-year).

In the distribution of turnover by sector, the collective category of other services has repeatedly taken the lead with a share of just under 28%. Almost a quarter of the volume is accounted for by consulting firms, which find themselves in second place. Supported by the Deloitte contract, they were able to increase their earnings by almost 18 percentage points compared to the previous year. Public administration comes in third place with around 12%. Companies from the transport industry rank fourth with an above-average market share of 11%. In addition to the conclusion of Deutsche Bahn from Q3, other medium-sized leases are to its credit.