Real Estate

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

Real Estate analysiss

Balkendiagramm zum Büroflächenumsatz im ersten Halbjahr 2026 in Berlin, Düsseldorf, Frankfurt, Hamburg, Köln, München und Stuttgart im Vergleich der Jahre 2021 bis H1 2026.
Analysis Quarterly Report

JLL: Uncertainties and cost increases are slowing down demand for office space

JLL reports 1.35 million m² of take-up in the seven metropolises for H1 2026, around 5% below the previous year. Demand remains selective; Berlin and Munich revive, Frankfurt weak. Vacancy rate rises to 8.5%, completions are declining, prime rents are higher in some cases (Munich 62 €/m²).

Tabelle mit Transaktionsvolumen in Millionen Euro verschiedener Immobilienarten in Köln im ersten Halbjahr 2026, inklusive prozentualer Veränderung gegenüber Vorjahr und 10-Jahres-Durchschnitt.
Analysis Quarterly Report

Savills examines real estate investment market in Cologne: Significantly increased supply meets persistently selective demand

Savills reports around 200 million euros for Cologne in the 1st half of 2026 – 51% less than in the previous year and 74% below the 10-year average. In 12 months, 34 transactions were recorded; Prime yields for offices and commercial buildings remain unchanged at 4.4%.

Balkendiagramm zum Transaktionsvolumen von Hotels, Serviced Apartments und sonstigen Beherbergungsimmobilien in Deutschland von 2016 bis zum ersten Halbjahr 2026.
Analysis Quarterly Report

Savills examines investment market for hotel and accommodation properties: Operator dynamics create opportunities through repositioning

In the 1st half of 2026, the transaction volume with hotel and accommodation properties was around EUR 572 million (−45% year-on-year), according to Savills; Q2 reached 360 million euros, classic hotels dominated with 469 million euros (82%), serviced apartments came to almost 100 million euros.

Grafik mit Tabellenübersicht Transaktionsvolumen verschiedener Immobiliensegmente in Düsseldorf für das erste Halbjahr 2026, mit Vergleich zum Vorjahreszeitraum und 10-Jahres-Schnitt.
Analysis Quarterly Report

Savills examines real estate investment market in Düsseldorf: Still challenging environment, but better conditions for deals

According to Savills, around 824 million euros were invested in Düsseldorf in the 1st half of 2026 – 166% more than in the previous year, but 29% below the 10-year average. Prime office yield: 4.6%, commercial buildings: 4.4%. Despite the challenging environment, the chances of closing the deal are increasing and activity is likely to increase.

Analysis Quarterly Report

Logistics real estate investment market grows significantly in the first half of 2026

The German industrial and logistics investment market generated a volume of EUR 3.26 billion in the first half of 2026 (+24% compared to H1 2025). Large-volume transactions stimulated the market; the prime yield rose slightly to 4.5%. CBRE sees a continuation of the positive development with more core products.

Balkendiagramm zum Flächenumsatz der Top-6-Büromärkte in Deutschland im 2. Quartal 2026, differenziert nach Städten und Quartalen.
Analysis Quarterly Report

Savills examines top 6 office markets: Uncertainty and cost pressure slow down users

Savills analyses the top 6 office markets: In the 1st half of 2026, take-up was 1.2 million m² (-6% YoY), prime rents rose by 1.6% QoQ, and the vacancy rate to 8.9% (+20 bp). Uncertainty and cost pressure are dampening demand; Quality remains in demand, the outlook remains restrained.

IREBS Standpunkt Nr. 153 – "Zukunftsfähiges Immobilienmanagement – auf diesen Dreiklang kommt es an"
Analysis Comment

Future-proof real estate management – this triad is what matters

Prof. Dr. Tobias Just in IREBS Viewpoint No. 153 on the strategic responses of the real estate industry to increasing uncertainty and why flexibility, adaptability and resilience are crucial for long-term corporate success.

Balkengrafik zum Transaktionsvolumen und gehandelten Einheiten am deutschen Wohninvestmentmarkt 2021 bis Q1-2 2026, Quelle: JLL.
Analysis Quarterly Report

JLL: Good second quarter ensures stable development in the residential investment market

The commercial residential investment market in Germany stabilised at EUR 4.3 billion in the 1st half of 2026. In Q2, the volume increased to EUR 2.6 billion (+58% compared to Q1); foreign investors expanded net by 1.33 billion euros. Metropolises remained underrepresented; Prime yields stable at 3.51%.

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