ONLY LOCATION BESIDES FRANKFURT WITH ABOVE-AVERAGE RESULTS
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The Dortmund office market recorded a take-up of 88,000 sqm in the first three quarters of 2025. This exceeded both the previous year's solid result by 24%, and the ten-year average (10-year average: 71,400 sqm) by 23%. This highlights the current strong market performance. Among the top locations, the Dortmund office letting market stands out positively – it was the only location besides Frankfurt to record above-average results.
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However, the results for the first nine months should be viewed differently: after a very strong start to the year with 43,000 sqm, momentum declined moderately in the last two quarters, with 22,000 sqm in Q2 and 23,000 sqm in Q3. This decline is also reflected in the largest contracts concluded: in the first half of the year, five deals exceeding 5,000 sqm were registered (four of them in Q1), which is an unusually high number for Dortmund, primarily driven by the public administration sector. In the third quarter, however, the largest deals were the leasing of 2,500 sqm by the DHL Group in the Phoenix-West office market zone and a deal brokered by BNP Paribas Real Estate for a consulting firm in the city centre (2,200 sqm).
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Dynamic market activity and high demand have led to a sharp rise in prime rents of 32% compared with the same period last year. Thereby the prime rent currently stand at €22.50 per sqm.