Real Estate

Office market in upheaval: More vacancies – but rising rents

bulwiengesa and ImmoScout24 are presenting the GewerbeBarometer for the first time: in 2025, take-up in the office market will fall by 8% to 4.1 million sqm, while vacancies will rise to 6.3% nationwide and 8.4% in A-cities. At the same time, prime rents are rising; Conversions remain difficult.

Office properties in greater demand again among lenders in Europe

CBRE reports a much more positive lender sentiment towards office properties: In the European Lender Intentions Survey 2026, the sector moves up to third place, prime assets are in demand. Data centers and alternative segments are gaining, LTVs and development finance are increasing, especially by non-banks.

Apartment prices fall, house prices rise: Berlin’s premium real estate market is divided into two

DAHLER analyzes ImmoScout24 data for Berlin: In the premium segment, house prices rose by 11.8% in Q1-2026 – more than in all top 7 cities; supply is growing, demand is falling by 22%. For premium apartments, supply increased by 19.8%, demand by 9%, and the median price fell to €8,875/m² (-5.7%).

Supply is growing, prices are falling: Frankfurt’s premium real estate market is becoming more buyer-friendly

A generational change is reviving Frankfurt's premium house market: older people are looking for more flexible forms of living, families are taking advantage of the larger offer. DAHLER reports more choice, falling prices and rising demand; despite higher interest rates, the premium segment remains stable, buyers are checking more closely.

Premium Real Estate in Hamburg: Supply Grows, Prices Remain Stable – More Choice Opens Up New Scope for Buyers, Demand Develops Differently Depending on the Segment

DAHLER analyzes Hamburg's premium real estate market Q1/2026: Supply is growing significantly, while prices remain stable. Demand for apartments increases by 18%, for houses it falls by 10%; Medians: €12,504/m² (apartments) and €10,913/m² (-1.7%) in the housing market.

More supply, less demand, higher prices: In no other top 7 city are prices climbing as much as in Stuttgart

DAHLER analyzes ImmoScout24 data: In Stuttgart, prices for premium apartments rose by 10% in Q1 2026 – the strongest growth among the top 7. Demand fell by 3%, supply grew by 10%. Prices for premium houses fell by 8.2%, while supply shrank by 5.3%.

Top 5 reasons to invest in data centers in 2026

Interest rates are dividing the housing market

The Munich condominium market picked up at the start of the year: contracts +8.8% to 1,485, cash turnover +6% to 792 million euros. The luxury class remains robust; In 2025, there were record deals of up to 26.5 million euros.