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For the most part, the German office markets were able to escape the persistently weak economic trend at the end of 2024. Over the course of the year, office take-up increased from quarter to quarter, with Germany's top office marktes of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich recording total take-up of 2.66 million m² for the year. This result is a good 2% above the previous year's level, but falls well short of the long-term average of 3.45 million m². Although take-up in all cities remains below average for the year as a whole, the market confirms the catch-up and stabilisation trends observed since summer. Despite the lack of economic momentum and the persistently negative sentiment in the German economy, take-up in the second half of the year was higher than in the first, and in the top locations of Berlin, Munich and Hamburg, the fourth quarter was even the strongest of 2024 in terms of take-up. However, we only expect a significant upturn on the letting markets with take-up at least at average levels with a time lag in the tailwind of a German economic engine that is running more smoothly again.