BERLIN RECORDS THE HIGHEST INCREASE IN TAKE-UP AMONG THE A-LOCATIONS
-
The Berlin office letting market got off to a promising start in 2026 with a positive q1 result. With a total take-up of around 146,000 sqm, the German capital recorded an increase of 42%, representing the most significant year-on-year growth among the top office markets.
-
This improvement in market activity was driven in particular by larger lease agreements of at least 5,000 sqm. While at the beginning of 2025 only one letting exceeded this size category, six of them were recorded during the first three months of 2026. As a result, take-up in this segment currently accounts for 34% of total volume, bringing it broadly back in line with a typical market level (2017–2026 average: around 41%). In contrast, during the comparatively weak prior-year period, large-scale lettings accounted for only 5%. Take-up of modern office space more than doubled, underlining a clear focus on premium assets, especially among large occupiers.
-
By submarket, Mitte (33,500 sqm), the Municipal Area South (23,000 sqm) and Europacity (21,000 sqm) led activity, each recording at least one lease of 7,000 sqm or more, including lettings to Wolt, Doctolib, Strabag, 50Hertz and Snowflake.
-
Prime rents can reach or already exceed €50/sqm in selected premium properties; however, €47/sqm remains the most relevant market benchmark at present.