TAKE-UP SURPASSES YEAR'S Q1–Q3 VOLUME
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The Berlin office market delivered a strong first-half performance in 2026. By the end of June, take-up had already reached approximately 373,000 sq m, exceeding the volume recorded during the first three quarters of 2025 (362,000 sq m). Despite the challenging market environment, take-up also surpassed the ten-year average by almost 10%.
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The positive result was driven primarily by a strong second quarter, which generated 227,000 sq m and ranked as the second-highest quarterly result of the past five years. However, the strong performance was partly supported by owner-occupier transactions from the public sector. Key deals included the expansion of the Federal Ministry for Economic Cooperation and Development at 1.3 Potsdamer-/Leipziger Platz (approximately 31,500 sq m) and the Berlin City Cleaning Authority (BSR) in 2.7 Wilmersdorf/Schöneberg/Tempelhof (approximately 16,500 sq m).
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While a handful of premium properties have achieved rents above €50/sq m/month, the repeatedly recorded level of €47/sq m/month remains the market benchmark. At the same time, demand continues to focus on modern, ESG-compliant office space, while vacancy in older buildings outside prime locations is increasing, making incentive packages an increasingly important leasing tool.