At a Glance Q4 2023

Investment market Berlin

Investmentmarkt Berlin


Berlin, the most popular German investment location, faced a challenging environment in 2023. The capital recorded a transaction volume of just over €3.2 billion for the year, which is a 62% decline compared to the previous year and almost 59% below the ten-year average. The result is similar to that of 2012 and 2013. A significant factor contributing to the high investment volumes in recent years has been a high number of large-volume core transactions, of which only a few have taken place in 2023. Berlin was particularly affected by the prolonged pricing phase in the office segment. Absolute volumes of large deals in the triple-digit million range fell by a good 64% compared with 2022. Despite this, Berlin maintained its top position in the nationwide ranking. The investment volume in Berlin is more than twice that of Munich, which is in second place. The largest deals include investments in KaDeWe, Mynd, and BEAM properties.

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