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

Hotel investment market: significantly higher transaction momentum in the 2nd quarter – investment volume at previous year’s level

The German hotel investment market generated around € 790 million in the 1st half of 2026, slightly below the previous year; Q2 contributed €475 million. For the first time since 2019, more than 50 deals were counted (Ø €15 million), with foreign investors holding 52%. Munich and Berlin; the outlook remains positive.

Hotelinvestmentmarkt bleibt trotz rückläufigem Transaktionsvolumen von hoher Aktivität geprägt
Analysis Quarterly Report

Hotel investment market remains characterized by high activity despite declining transaction volume

The German hotel investment market generated a volume of EUR 720.9 million in the 1st half of 2026, 23.8% less than in the previous year. Despite the decline, activity remained high, mainly due to smaller deals; Prime yield at 5.25%. CBRE expects more major transactions if the situation stabilizes.

Analysis Quarterly Report

REALOGIS: Lack of large-scale deals slowed down Munich’s logistics and industrial real estate market

In the Munich logistics and industrial real estate market, 115,700 m² was taken up in the first half of 2026 – 18% less than in 2025. The prime rent remained at €13.50/m², while the average rent rose to €9.20/m². existing areas dominated (77%); no deal over 10,000 m².

Investmentmarkt Leipzig: gute Halbjahresbilanz, Verkauf der Höfe am Brühl als Umsatztreiber
Analysis Quarterly Report

Leipzig investment market: good half-year results, sale of Höfe am Brühl as sales driver

The Leipzig investment market recorded a transaction volume of €278 million in the 1st half of 2026 – the best half-year balance since 2022. Retail dominates with 60%. Despite higher prime yields, a moderate recovery is expected for the year as a whole.

Analysis Report

Berlin’s housing market – The tension in the summer before the election

Ahead of the Berlin parliamentary elections, industry representatives are discussing the situation on the housing market. Political uncertainty and the debate about socialization are slowing down investment; more new construction, legal certainty and a more resilient rent index are demanded.

Analysis Quarterly Report

JLL: Investment market for logistics real estate picks up speed with major deals

The German investment market for industrial and logistics real estate achieved its best second quarter in five years in Q2 2026 at EUR 1.8 billion. In H1, transactions amounted to EUR 2.9 billion (+22% year-on-year), driven by major deals; Prime yields stable at 4.5–4.6%.

Berliner Bürovermietungsmarkt mit starkem erstem Halbjahr – lmmobilieninvestmentmarkt hingegen verhalten
Analysis Quarterly Report

Berlin office leasing market with strong first half of the year – real estate investment market, on the other hand, subdued

Berlin's office letting market grew strongly in the first half of 2026: take-up of 385,500 m², return of large-scale lettings and rising prime rents to €46.50/m². The investment market remained subdued with a transaction volume of €1.9bn, with prime yield stable at 4.6%.

Analysis Quarterly Report

Focus on quality characterises Hamburg’s office letting market, investment market with growth in the first half of 2026

CBRE reports 157,000 m² of office space take-up in Hamburg for H1 2026 (-31% compared to H2 2025) with a stable prime rent of €41/m² and a slight increase in average rent. The investment volume rose to around € 1.2 billion, office with a prime yield of 4.7% is the strongest asset class.

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