Real Estate

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

Real Estate analysiss

Symbolische Darstellung eines Wendepunkts am Immobilienmarkt: Eine Person steht vor der Wahl zwischen Warten und Handeln, im Hintergrund Skylines und Baustellen. Bildquelle: Nicht angegeben
Analysis Comment Weekly

Is this the turning point in the real estate market?

JLL and CBRE report a higher transaction volume for H1 2026 (JLL: EUR 17.6 billion, +15%; CBRE: €16.2 billion, +13%). Nevertheless, pricing is inconsistent; the market is becoming broader, but remains selective. Rising opportunity costs are driving deals.

Analysis Quarterly Report

Nationwide take-up with considerable increase (23%) – numerous large-scale contracts and logistics service providers as drivers

According to BNP Paribas Real Estate, the German warehouse and logistics market generated around 3.3 million m² of take-up in the 1st half of 2026 (+23% year-on-year). Large-scale deals of 20,000 m² or more and logistics service providers (44% market share). Prime rents mostly stable; Munich 11.25 €/m².

Kölner Investmentmarkt im 2. Quartal kleinteiliger strukturiert – Anstieg der Spitzenrendite in allen Assetklassen
Analysis Quarterly Report

Cologne investment market structured more fragmented in the 2nd quarter – increase in prime yield in all asset classes

The Cologne investment market recorded €349 million in H1 2026 (+12% year-on-year), but remains 43% below the long-term average. Q2 brought only €93 million and smaller deals; Office dominates. Prime yields are rising: logistics/office 4.60%, commercial buildings 4.00%.

Analysis Quarterly Report

Essen office market in the first half of 2026

The Essen office market generated only around 25,000 m² in the 1st half of 2026 (-22% compared to the previous year). 52 leases were registered, and there were no major deals for more than 3,000 m²; Weststadt reaches approx. 21 %. Prime rent 16.50 EUR/m², outlook restrained.

Analysis Quarterly Report

Stable demand supports Bremen’s logistics real estate market

In Bremen's logistics and industrial market, around 113,000 m² was taken up in the 1st half of 2026; demand remains stable. Prime rents at €6.75/m², contracts are getting shorter. Production/Light Industrial dominate; approx. 240,000 m² are expected for 2026.

Analysis Quarterly Report

Operator quality as the key to value creation – operational strength moves into the focus of investors

The German hotel market will remain robust in the 1st half of 2026: around EUR 625 million transaction volume, stable demand and dynamic segments such as serviced apartments. Investors are focusing more on operator quality and contract structures; international interest is increasing.

Statements zum Berliner Wohnmarkt
Analysis Forecast

Statements on the Berlin housing market

Four industry experts discussed the situation of Berlin's residential real estate market on 8 July 2026. They emphasize attractiveness and available capital, but demand planning security, faster approvals and less regulation. New construction is considered a central lever.

Analysis Quarterly Report

Dortmund office market: average take-up result for the first half of 2026

The Dortmund office market recorded take-up of 44,000 m² at the end of the first half of 2026, which is in line with the long-term average, but 32% below the previous year. Top rent: €23/m² (+15%). Vacancy rate 4.8%, construction volume 31,000 m², pre-letting 48%.

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