Real Estate

Real estate is the dominant asset class in the real assets sector, but also the most versatile.

Real Estate analysiss

Seitwärtsbewegung auf dem Bürovermietungsmarkt – Berlin und München mit starken Flächenumsätzen
Analysis Quarterly Report

Sideways movement in the office letting market – Berlin and Munich with strong take-up

BNP Paribas Real Estate reports office space take-up of 1.3 million m² in the top 8 for H1 2026, the market is stagnating. Berlin (373,000 m², +51%) and Munich (354,000 m², +38%). Vacancy rate is 9.1 million m²; Construction volume drops to 2.2 million m²; Frankfurt's prime rent rises to €57/m².

Analysis Quarterly Report

Healthcare real estate investment market continues recovery in the first half of the year

The German healthcare real estate investment market generated a volume of EUR 1.38 billion (+48%) in the 1st half of 2026. Nursing homes dominated, hospital deals brought impetus; Prime yield for nursing homes at 5.5%. CBRE expects solid market activity for H2.

Analysis Quarterly Report

Retail real estate investment market with subdued first half of the year – but market offering grows significantly

CBRE reports a transaction volume of EUR 1.9 billion in the German retail real estate market for H1 2026 (−35%). The range of high-quality assets and portfolios is increasing, and prime yields remain largely stable. For 2026, 5–6 billion euros are expected.

Analysis Quarterly Report

Savills examines real estate investment market Berlin: Stakeholders remain in scanning mode

In the 1st half of 2026, around 2.1 billion euros were invested in Berlin – 6% less than in the previous year and 55% below the 10-year average. Prime yields: office 4.5%, commercial buildings 4.4% (stable). Savills sees the market continuing to be in sampling mode; Residential real estate led in a 12-month comparison.

Analysis Quarterly Report

Geopolitical realities meet forward-looking user requirements in industry and logistics

The market for industrial and logistics investments in Germany remained almost stable in H1 2026 at EUR 2.4 billion (-1%). Stricter financing makes deals more difficult, with individual transactions dominating (68%). Gross prime yield rises by 25 bp to 5.00%; Colliers sees opportunities in special real estate.

Analysis Quarterly Report

Savills examines the real estate investment market in Frankfurt am Main in Q2-2026: Liquidity for large properties remains low

Savills analyses the Frankfurt real estate investment market in Q2 2026. In the 1st half of the year, EUR 320 million was generated (+9% year-on-year), 82% below the 10-year average; approx. 20 transactions (−10%). Prime yields unchanged at 4.5%/4.3%; major deals remain difficult, Opernturm sale cancelled.

Analysis Quarterly Report

Savills examines real estate investment market Hamburg: Successful transactions remain hard work

Savills reports around EUR 1.1 billion in investment turnover in Hamburg in the 1st half of 2026 (+18% year-on-year, 40% below 10-year average). About 60 deals in 12 months; Prime yields: office 4.2%, commercial buildings 4.3%. Quality in demand in top locations; Family offices remain active.

Marktdynamik an den Top-5-Büromärkten bleibt diversifiziert: Berlin und München setzen Impulse in einem weiterhin selektiven Marktumfeld 
Analysis Quarterly Report

Market dynamics in the top 5 office markets remain diversified: Berlin and Munich provide impetus in a market environment that remains selective

CBRE reports 1.13 million m² of take-up (−6.1%) in the top 5 office markets for the first half of 2026. Berlin and Munich are driving thanks to tech and AI demand. Prime rents are rising everywhere, vacancy rate around 8.5%. Outlook: slight stabilisation in the course of the year.

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