RANK 2 AMONG TOP 7 CITIES
In the first three months of 2026, around €420 million was invested on the Berlin market for commercial real estate. The transaction volume was 57% below the previous year's figure, with Q1 2025 being marked by the large-volume Upper West transaction for more than €400 million. In the top 7 city ranking, Berlin currently ranks second behind Munich.
In an environment that continues to be challenging, which is largely characterised by a weak economy and a volatile geopolitical environment, the results at the start of the year do not fully reflect the significant increase in investor interest and the momentum in the market. The Berlin investment market has a well-filled and marketable deal pipeline in all asset classes. National and international investors are very interested in attractive investment opportunities. They act with great care and discipline during the due diligence phase. If changed financing conditions require an adjustment, there may be delays in the purchase process.
In a twelve-month comparison, a slight movement in net prime yields can be observed in all asset classes. Yields for office properties rose by 10 basis points to 4.35%. For retail buildings in high street locations and for logistics properties, it rose by 25 basis points each to currently 3.95% and 4.50% respectively.