Savills examined the office letting market in Frankfurt am Main in the second quarter of 2026. Enclosed you will find the results:
In the first half of 2026, take-up on the Frankfurt office letting market amounted to 157,200 m². This represents a decrease of 54% compared to the previous year. Compared to the ten-year average, sales were 26% lower.
The vacancy rate remained stable at 14.1% compared to the previous quarter and increased by 10 basis points compared to the same quarter last year. The prime rent reached EUR 56.00/m² and was thus 3.1% higher than in the previous quarter. It increased by 9.8% year-on-year. The median rent amounted to EUR 19.50/m² and was stable compared to both the previous quarter and the previous year.
Dennis Arnold, Associate Director and Team Leader Office Agency at Savills in Frankfurt, reports: “In the Frankfurt office leasing market, we are currently observing longer decision-making processes, especially for larger leases – occupiers are currently weighing up their space decisions more carefully. However, as soon as it comes to top locations such as the banking district, the city centre or the Westend, demand remains robust: new buildings and high-quality revitalised existing properties continue to attract banks, law firms and consulting firms in particular. For these user groups, the choice of space has long been part of the overarching location strategy and an important argument in the competition for skilled workers. Accordingly, high rents can continue to be enforced on the market in these locations. The situation is significantly different for older properties in need of renovation. Even in good locations, classic incentives are often no longer sufficient to close the growing gap between the available space and the increased user requirements.”
Savills expects take-up in 2026 to be below the previous year’s level. In addition, a further increase in prime rents is expected by the end of the year.
