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The German office markets have started the new year with significantly more momentum than in the two previous years. In the first quarter of 2025, office take-up in Germany's office top marktes Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich totalled 704,000 m². This result is almost 16% higher than the previous year, but remains below the long-term average due to the continued lack of an economic tailwind. Although take-up did not turn positive in all locations in the first three months of the year, five of the eight large markets reported a noticeable improvement in market sentiment as well as large-scale rental agreements, some of which were of a signalling nature. The mixture of positive and negative factors influencing the German economy is complex and short-term, direction-changing decisions make it difficult to anticipate future developments. Nevertheless, an accelerated recovery of the German economy and the associated additional demand boost currently represent the most likely scenario.