At a Glance Q4 2021

Office market Cologne

Büromarkt Köln


The Cologne office market had an excellent year 2021, with take-up totaling 337,000 m², the second-best result ever after 2016 (412,000 m²). The volume is 60% above the take-up of the previous year, which was significantly below average due to the Corona crisis. However, the outcome is also above the long-term average (+14%), which clearly indicates the dynamic market development in the cathedral city. This is especially impressive as it was achieved in the wake of the ongoing uncertainties regarding the further development of the pandemic. The diversity of the demand base is highlighted by the healthy balance between large deals of at least 5,000 m² and contracts in the smaller segments, with market shares of two and one-third respectively. The most important submarkets were the City (82,100 m²), Ehrenfeld/Braunsfeld (83,200 m²) and Ossendorf/Nippes (59,000 m²). The latter two submarkets achieved record results and underline the positive development and high level of construction activity also in attractive Centre Fringe and Subcentres sites.

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