Gebäude Glassfassade

Investment Dashboard

The German commercial investment volume totaled €54.1bn in 2022. This is almost 16% below the comparable figure for the previous year. However, the ten-year average was only missed by just under 2%. The record result of the first quarter is primarily responsible for this good performance in the longer term, whereas the fourth quarter in particular recorded a very low transaction volume in a historical comparison. As expected, the traditional year-end rally did not take place, what clearly shows how challenging the current macroeconomic and financial market environment is for the commercial investment markets. At € 9.9 billion, the transaction volume in the fourth quarter was half the average of the last five years. The significant rise in interest rates, a weakening economy and inflation at record levels not only create a certain degree of uncertainty about the further development of the real estate markets, but have also contributed to the fact that many large transactions that were already being placed on the market could no longer be realised - many of them postponed to 2023.

  • At a good € 54.1 billion, investment turnover is 16% below the previous year's figure, but only just under 2% below the ten-year average.

  • Around two thirds (€ 36.5 billion) are accounted for by single deals

  • Portfolio sales increase by 10% to € 17.6 billion due to participations in companies

  • Office investments continue to lead with a good 41% (€ 22.2 billion), logistics with record volume of sales

  • Berlin remains the number 1 German investment location (€8.5 billion)

  • Net prime yields continue to rise as expected

  • Market share of foreign investors at a high level of 44%

  • Over 1,500 transactions recorded (commercial only)

State of data: total year 2022

You are not only interested in individual investment reports and cities, but would like to navigate more flexibly through markets and asset classes? - Then try the BNPPRE Investment Dashboard. In addition to the overall impression of various investment markets, the BNPPRE Investment Race (page 2) impressively illustrates the increase in investment volumes and the city rankings of the top markets since 2010.


Learn more about current performance in the investment, office, logistics, retail, hotel and residential real estate markets to support your real estate decisions with solid market information. We provide you with a nationwide overview as well as details on the real estate markets of Germany's largest cities.