Lower volume, but stable number of deals
The Düsseldorf investment market started the year with a subdued result. By the end of the first quarter, only €167 million had been recorded, around a third less than in the previous year. The transaction volume in the first quarter of 2026 marks the weakest start to the year in the past 10 years.
Nevertheless, the result should not be overinterpreted. On the one hand, this is a pure snapshot at an early point in the year, and on the other hand, weaker individual quarters have already been observed several times since 2022. The number of deals is also exactly in line with the Q1 average since 2023. Accordingly, the low average deal size of only €17 million is currently a decisive factor. Investor interest continues to exist, which is underlined by several ongoing processes, in some cases also in the large-volume segment.
Although volatility increased noticeably in the first quarter due to geopolitical developments on the capital markets, this did not materialise in the development of net prime yields by the end of the first quarter. In the office and logistics segment, for example, 4.50% each is still to be applied, as at the beginning of the year. Inner-city high street buildings in prime locations remain unchanged at 3.95%.