Office leasing market in Düsseldorf Q2-2025
In the first half of 2025, take-up on the Düsseldorf office letting market was around 98,700 m². This was a decrease of 11.3% compared with the same period a year earlier. Compared to the ten-year average, sales were around a third lower. Take-up in the last four quarters amounted to 195,600 m², which corresponds to a decline of around 28% compared to the same period last year.
The vacancy rate in Düsseldorf reached 7.8% in the 2nd quarter of 2025. This corresponds to an increase of 30 basis points compared to the previous quarter and was roughly at the previous year's level. At EUR 43.50/m², the prime rent in the second quarter of 2025 remained constant compared to the previous quarter and rose by 2.4% compared to the same period a year earlier. The median rent reached a value of EUR 17.50/m² and thus increased by 6.1% compared to both the previous quarter and the same quarter of the previous year.
Dennis Meyerhoff, Director and Team Leader Office Agency at Savills in Düsseldorf, reports: "After the subdued start to the year, the Düsseldorf office letting market was a little busier in the second quarter. Even though the current take-up level is still well below the long-term average, there is occasional movement in the market, but especially in the smaller-scale space segment. Larger leases are still the exception. The fact that the vacancy rate has risen again after two declining quarters is not surprising under the current conditions. In particular, unlet project developments are pushing additional space into the market. In combination with the still restrained demand, there is increasing pressure on owners, some of whom have to act more flexibly when it comes to new lettings. A different picture emerges in the CBD locations: Here, demand remains robust, which continues to enable owners to market their space confidently, despite the overall tense market environment."
Savills expects take-up of around 190,000 m² for the year as a whole, a figure that is slightly below the previous year's level. At the same time, the continuing trend towards high-quality office space is likely to continue to support prime rents over the course of the year.
