Savills has examined the Berlin office leasing market in the first quarter of 2026 and comes to the following conclusions:
- Take-up of 159,100 m² (+45.2% year-on-year)
- Prime rent reaches EUR 48.80/m² (+1.7% quarter-on-quarter)
- Outlook: take-up expected to be slightly above previous year's level
In the 1st quarter of 2026, take-up on the Berlin office letting market amounted to 159,100 m². This corresponds to an increase of 45% compared to the previous year's figure. Compared to the ten-year average, sales were around 14% lower.
The vacancy rate rose by 80 basis points to 8.7% in the 1st quarter of 2026 compared with the previous quarter. Year-on-year, the ratio increased by 190 basis points. The prime rent was EUR 48.80/m², an increase of 1.7% compared to the previous quarter and 9.1% compared to the previous year's figure. The median rent amounted to EUR 23.50/m² and thus remained stable compared to the previous quarter, but was 6.0% below the level of the same quarter of the previous year.
Karina Sauer, Director and Team Leader Office Agency at Savills in Berlin, comments: "The Berlin office leasing market is currently showing more activity. In particular, a number of large-scale deals of 5,000 square metres or more supported take-up and contributed to a positive start to the year. At the same time, many deals continue to be concluded in the small-scale segment. This is because companies are questioning their use of space in a much more granular way, prioritising quality, location and ESG compliance, and consciously accepting smaller but functionally better spaces in return. At the same time, the offer is growing noticeably. In addition to an extensive pipeline with comparatively low pre-letting, sublet space is on the market, which increases choice but does not automatically improve the fit. From the user's point of view, a significant part of the available space continues to fall through the cracks, whether due to technical deficits, inflexible floor plans or too low quality of furnishings. This prolongs decision-making processes and postpones many applications to the next phase. Against this background, contract extensions are a deliberately used control element to gain time, negotiate expansion cost subsidies and keep options open. In the further course of the year, however, some companies are likely to start moving because extensions cannot solve all requirements. Accordingly, there are several larger applications on the market that could be completed if suitable offers are made."
For 2026, Savills expects take-up to be slightly above the previous year's level, while prime rents are expected to rise due to continued demand for high-quality office space.
