TRANSACTION VOLUME MORE THAN DOUBLES YEAR-ON-YEAR
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The Frankfurt investment market recorded a transaction volume of around €600m at mid-year 2026, of which approximately €250m was attributable to the second quarter. While the volume therefore remains around 70% below the long-term average, it nevertheless represents a significant increase compared with the same period last year (+153%). Against the backdrop of a more complex market environment, this development is noteworthy. The Iran war and rising energy prices have shifted interest rate expectations and increased economic uncertainty, causing transaction processes to take longer again, particularly at the beginning of the second quarter. It is therefore all the more positive that momentum returned to the market shortly before the end of the quarter and that transactions were also recorded in the office segment, which is of key importance for Frankfurt.
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Despite the current environment being shaped by higher financing and opportunity costs, no notable change in net prime yields has been observed so far in the office and high-street segments, where yields therefore remain unchanged at 4.50% and 3.75%, respectively. In the office segment, this sideways movement is supported in particular by currently strong rental growth in the prime segment, which further improves the income prospects of high-quality core assets in top locations. In the logistics segment, by contrast, upward pressure has led to a slight adjustment of 10 basis points to 4.60%.