At a Glance Q4 2020

Office investment market Germany

Büro-Investmentmarkt Deutschland


Although the general conditions for office investments were challenging in 2020 and will remain so for the time being during the rest of 2021, one of the best results in history was achieved. The impact of the Corona pandemic on overall economic development and the service sector in particular has been enormous. In addition, the lockdown months in particular have shown that working from a home office can work quite well. The debate about how and where we will do office work in the future has been sparked and is sometimes heated. Nevertheless, investor confidence in Germany as an office location is very high, which is also underscored by the fact that investment volumes increased from quarter to quarter in all markets in the second half of the year despite all the uncertainties. A total of around €24.6 billion was invested in this asset class in 2020. This corresponds to a market share of 41%, putting office investments ahead of retail (a good 20%) and logistics (around 13%). As expected, the record result from 2019 was missed (-36%), but the latest result is still 16% above the ten-year average and also above the good results from 2015-2017. Single deals dominated the market in 2020 with a share of just under 79%.

Read the full report by downloading the PDF document.

Download this market report as PDF