Real Estate

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

Real Estate analysiss

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%.

Analysis Quarterly Report

Dortmund office market 1st half of 2026: Rental market is growing – vacancy rate continues to decline

The Dortmund office market recorded around 44,500 m² of take-up in the 1st half of 2026 – entirely through lettings; the letting performance increased by approx. 9%. The vacancy rate fell to 4.2%. 68 leases, largest deals: Jobcenter (6,300 m²) and Amazon (5,500 m²).

Analysis Quarterly Report

JLL: Public sector drives office turnover in Rhine-Neckar region

The Rhine-Neckar office market closes H1 2026 with around 30,000 m² of take-up. Driven by the public sector: among other things, 10,000 m² for a new town hall in Ludwigshafen; Mannheim 12,000 m². Prime rents are stagnating (Mannheim €22.50/m², Heidelberg €19.50/m², Ludwigshafen €14/m²).

Analysis Quarterly Report

JLL: Investment markets in German metropolises with different dynamics

JLL reports transactions of over 6.5 billion euros (+10%) in the seven top cities for the first half of 2026. Hamburg grows strongly (1.59 billion, +59%), Düsseldorf benefits from three major deals; Frankfurt weak (530 million). Logistics yields stable, prime office yields are rising.

Analysis Quarterly Report

JLL: Hotel investment market sets its sights on the two billion euros

In the first half of 2026, the German hotel investment market generated around EUR 741 million (−18% compared to 2025), partly through the Penta portfolio (approx. EUR 275 million). Demand remains high, with international investors accounting for over 50%. JLL expects a total volume of around two billion euros in 2026.

Analysis Quarterly Report

Office leasing in Leipzig is sputtering

Leipzig's office market remains weak: 31,400 m² were taken up in the 1st half of 2026, around 20% below the previous year and well below the five-year average. Demand for modern space raises the prime rent to €21.50/m², and deals are shifting outside the city. Annual take-up of approx. 80,000 m² expected.

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