At a Glance Q1 2019

Office market Cologne

Büromarkt Köln


The Cologne office market achieves a very successful first quarter: The best start to the year ever was registered with a take-up of 87,000 m². The result is therefore well above the previous year's figure (57,000 m²) and the 10-year average (55,000 m²). The two submarkets City (38,800 m²) and Ossendorf/Nippes (23,500 m²) accounted for the majority of turnover. Furthermore it should be stressed that the large number of contracts in the smaller and medium-sized segment up to 2,000 m² makes this strong result possible. To date, Sparkasse KölnBonn (15,800 m²) in Ossendorf/Nippes contributed the largest lease contract. Despite the record turnover, however, a dilemma in the Cologne office market should not be ignored: Once again, vacancies have fallen, making it increasingly difficult for medium-sized and larger requests to find modern space. Against this backdrop, the high momentum in the first quarter is all the more impressive.

Read the full report by downloading the PDF document.

Download this market report as PDF