SLIGHT UPWARD TREND IN OFFICE INVESTMENTS CONTINUES
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In 2025, a total of around €6.23 billion was invested in office properties nationwide. Compared to the previous year, this corresponds to a 20% increase in transaction volume. At the same time, the best result of the last three years was achieved. Even though the current investment volume still lags significantly behind the extraordinary results of the last market cycle, there is a certain stabilization of the market situation, which is accompanied by the first slight upward trends. This is also supported by the fact that the result was achieved exclusively with transactions of individual properties, whereas no portfolio sale could be registered in the entire year – a novelty in the last twenty years. Looking at individual investments, the transaction volume has even increased by around 27% over the course of the year.
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After falling to third place behind retail and logistics investments in 2024, office properties now rank directly behind the first-placed retail investments with a market share of 25% of total commercial take-up.
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Prime yields remain unchanged and are at the same level as in the previous year in all important locations. This means that the net prime yield for offices in A-locations is 4.36% on average. Munich remains the most expensive location with 4.20%, followed by Berlin and Hamburg with 4.25%.