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

JLL: Space shortage causes rents for top offices in Frankfurt to rise

JLL reports rising top office rents for Frankfurt due to a shortage of space. Take-up in the 1st half of 2026 was 176,900 m², only half as high as in 2025; big deals are rare. The prime rent is €55/m² and could rise to at least €56/m² by the end of the year.

Analysis Quarterly Report

Savills examines office leasing market in Hamburg Q2-2026: Uncertainties slow down relocation decisions

In the first half of 2026, take-up in Hamburg amounted to 174,400 m² (-16% year-on-year; 27% below the 10-year average), the vacancy rate rose to 5.9% and the prime rent to EUR 37.00/m². Uncertainties slow down moves; Savills nevertheless expects more sales and rising prime rents in 2026.

Analysis Quarterly Report

JLL: Düsseldorf’s office market has class, but it lacks mass

JLL reports 112,200 m² (-8%) in Düsseldorf for H1 2026 and 60,300 m² in Q2 – supported by a KPMG lease of over 10,000 m² in One Plaza. Deals are concentrated on Kennedydamm, City and Nord. 70,200 m² of new construction, vacancy rate 11.8%, prime rent €46.

Analysis Quarterly Report

Savills examines office leasing market in Cologne Q2-2026: Hardly any momentum – small-scale deals carry the market

Q2/2026: 73,200 m² were let in Cologne (-37% y/y; -46% compared to the 10-year average). vacancy rate 5.5% (+50 bp q/q); Prime rent 33.50 EUR/m² stable q/q, -2.8 % y/y; Median 17.50 EUR/m² stable. Small-scale deals dominate; 2026 sales expected to be below previous year.

Analysis Quarterly Report

Savills examines office letting market in Düsseldorf Q2-2026: Selective market between quality demand and rising vacancy rates

Savills analyses the Düsseldorf office letting market in Q2 2026: take-up in H1 2026 at 94,500 m² (-4% y/y; 34% below 10-year average), vacancy rate 9.0%. Prime rent stable at EUR 46.00/m² (+5.7% y/y). demand for modern, central space; Outlook: Revenue at previous year's level.

Analysis Quarterly Report

JLL: Hamburg’s office market struggles with fragmentation

Hamburg's office letting market recorded more deals in H1 2026, but 18% less space (189,300 m²). Big deals are missing; the Ø deal size decreases to 709 m². Prime rent remains at €41, vacancy rises to 7.2%; Largest deals include: MSC 13,000 m², InnoGames 8,600 m².

Analysis Quarterly Report

Savills examines the office leasing market in Frankfurt am Main: Longer decision-making processes among users; Top space remains in demand

Frankfurt's office letting market: H1 2026 Take-up 157,200 m² (-54% year-on-year; 26% below 10-year average). vacancy rate 14.1% (stable), prime rent 56.00 EUR/m² (+3.1% on the previous quarter; +9.8% on the previous year); Decisions take longer, top locations remain in demand.

Analysis Quarterly Report

Retail investment market: Good number of deals not reflected in volume

By mid-2026, the retail investment market is seeing many deals, but a volume down by around 21% to around €2.3 billion. Q2 was weak (approx. €892 million) after €1.37 billion in Q1. A locations are increasing; Prime yields in some cases slightly higher (DIY stores 6.20%, shopping centers 6.00%).

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