Office Dashboard

In an environment that remains challenging, Germany’s office markets have matched the previous year’s result. Office take-up in Germany’s key markets - Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich - amounted to 2.7 million square metres for the total year 2025, representing a slight increase of 1.4% compared with 2024. Market development was shaped above all by large, signal-setting deals at the beginning of the year and a marked rise in letting activity within the medium-sized segment, although not all markets were able to participate in these positive results. Companies are approaching decisions on offices more actively - often after a long analysis phase, but subsequently with swift implementation. The driving factor remains the “flight to quality”. For 2026, we anticipate a further moderate revival in leasing activity, especially if the filled decision pipelines result in more contracts in the second half of the year - particularly in the large-scale segment. Nonetheless, external factors, such as trade and geopolitical conflicts, may continue to cause short-term volatility.