At a Glance Q3 2022

Office market Cologne

Büromarkt Köln


With take-up of 295,000 m² (incl. around 17,000 m² owner-occupiers) in the first three quarters, the Cologne office market achieved a new record result, which is a good 28% above the previous year’s volume and even exceeds the long-term average by 32%. Thereby it is the best result ever achieved on the Cologne market in the first nine months of a year and outperforms the record of 2016 (Q1-Q3; 292,000 m²). The second quarter of 2022 is and remains remarkable, being responsible for 164,000 m² of take-up. Q3 contributed just under 63,000 m² to the result to date. The overall increase in leasing activity compared to the previous year is particularly noticeable in the medium and large size segments. Especially notable is the rise of nearly 70% yoy in major lettings with more than 10,000 m² of lettable space, as well as lettings between 2,000 m² and 5,000 m², which contributed a good 20% (59,000 m²) of take-up in the first nine months of 2022, thus achieving the best result of the past ten years.

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