Real Estate

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

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Real Estate analysiss

Grafik zu Flächenumsatz und Leerstandsquote am Münchner Bürovermietungsmarkt von 2016 bis Q2 2026.
Analysis Quarterly Report

Savills examines office letting market in Munich Q2-2026: Isolated demand impulses without broad market recovery

In the first half of 2026, 333,200 m² was taken up on the Munich office market (+16% year-on-year). Vacancy rate rose to 9.4% (+20 bps q1), prime rent to 60.00 EUR/m² (+1.7 % qoq; +11.1 % yoy), median 23.50 EUR/m² (+2.2 % qoq, unchanged yoy). Savills expects higher sales in 2026.

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Tabelle mit Zahlen zum Bürovermietungsmarkt Berlin Q2 2026, darunter Flächenumsatz, Leerstandsquote und Mieten.
Analysis Quarterly Report

Savills examines office letting market in Berlin Q2-2026: More movement with continued high quality standards

In the 1st half of 2026, 405,100 m² of office space was taken up in Berlin (+49% year-on-year); the vacancy rate rose to 9.0%. The prime rent was EUR 50.00/m² (+2.5% quarter-on-quarter), the median rent was EUR 24.00/m². Savills expects more take-up in 2026; Quality remains in demand.

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Diagramm zum Flächenumsatz, Fertigstellungen, Spitzenmieten und Leerstand im Münchner Büromarkt, Stand erstes Halbjahr 2026.
Analysis Quarterly Report

JLL: Take-up in Munich’s office market grows by a third

The Munich office letting market grew significantly in Q2 2026: 182,600 m² (~+50% year-on-year); in the first half of the year 347,500 m² (+one third). The prime rent rose to €62/m², and the vacancy rate is 8.8%. JLL expects continued momentum and maintains 640,000 m² full-year forecast.

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Grafik mit Kennzahlen zur Entwicklung des Bürovermietungsmarkts Berlin im ersten Halbjahr 2026 mit Flächenumsatz, Fertigstellungen, Spitzenmiete und Leerstandsquote.
Analysis Quarterly Report

JLL: Substantial increase in take-up on the Berlin office market in the first half of the year

The Berlin office letting market grew strongly in Q2 2026: 238,000 m² of acquisition volume (+77% compared to Q2 2025), totalling 386,100 m² in H1 2026. Top locations remain in demand; the prime rent rose to €48/m². Most rentals in Mitte; JLL expects 600,000 m² for the full year.

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Analysis Quarterly Report

Logistics investment volume down year-on-year

The German logistics investment market generated around €2.5 billion in the 1st half of 2026, 10% below 2025. In Q2, revenue rose by 16% quarter-on-quarter to just over €1.3 billion. Net prime yields climbed to 4.60% (Leipzig 4.80%), the foreign share was 74%.

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Grafik zum Bürovermietungsmarkt Köln H1 2026 mit Flächenumsatz, Fertigstellungen, Spitzenmiete und Leerstandsquote.
Analysis Quarterly Report

JLL: Cologne’s office market hardly gets off the ground in the second quarter

The Cologne office letting market experienced a slump in Q2: only 26,900 m² newly let, 45% below the previous year; H1 totals 73,100 m². Many small closures (Ø 482 m²) characterize the picture; City leads the way with 31,800 m². 41,000 m² completed; Prime rent €32.50/m², possible plus by the end of the year.

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Grafik mit Flächenumsatz, Fertigstellungen, Leerstandsquote und Spitzenmiete im Frankfurter Büromietmarkt, Stand Juli 2026.
Analysis Quarterly Report

JLL: Space shortage causes rents for top offices in Frankfurt to rise

JLL reports rising top office rents for Frankfurt due to a shortage of space. Take-up in the 1st half of 2026 was 176,900 m², only half as high as in 2025; big deals are rare. The prime rent is €55/m² and could rise to at least €56/m² by the end of the year.

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Grafik zeigt Flächenumsatz und Leerstandsquote am Hamburger Bürovermietungsmarkt von 2016 bis Q2 2026. Gelbe Balken stellen den Flächenumsatz dar, eine schwarze Linie den Durchschnitt und eine rote Linie die Leerstandsquote.
Analysis Quarterly Report

Savills examines office leasing market in Hamburg Q2-2026: Uncertainties slow down relocation decisions

In the first half of 2026, take-up in Hamburg amounted to 174,400 m² (-16% year-on-year; 27% below the 10-year average), the vacancy rate rose to 5.9% and the prime rent to EUR 37.00/m². Uncertainties slow down moves; Savills nevertheless expects more sales and rising prime rents in 2026.

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