LETTING ACITVITY IS SLOWLY GAINING MOMENTUM
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The Cologne office market recorded take-up of 250,000 sqm in 2025. Consequently, the annual result is around 15% below the long-term average (Ø 10 years: 292,700 sqm). However, compared to the other top locations, which missed their average result by a more significant margin, this result can be considered solid. On a positive note, the previous year’s value was exceeded by 10%. Take-up is thus back on course for the long-term average.
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Over the year, an upward trend is also emerging; the fourth quarter has a positive impact of 73,000 sqm. Public administration in particular is making a significant contribution to this with the two largest lettings in the final quarter: BIMA is expanding with the Bundeswehr by 9,100 sqm in Holweide in the Mülheim office market zone, and the BLB NRW public prosecutor's office signed a lease agreement for 8,700 sqm in Zollstock in the Bayenthal/Marienburg office market zone.
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The prime rent remains stable at €33.50/sqm over the course of the year, which can be explained by a larger supply of modern space compared to other top locations. The traditionally more volatile average rent rose slightly by €0.10/sqm to €19.00/sqm.