At a Glance Q2 2023

Office market Düsseldorf

Büromarkt Düsseldorf


The Düsseldorf office market was very subdued in the first half of 2023. With a take-up of only 95,000 m², the good result of the previous year was missed by a good 46%. As in other locations, the currently weak economic environment in combination with the technical recession that Germany has slipped into is leading to a significant decrease in take-up. In the second quarter in particular, take-up was well below average at just 31,000 m². This is mainly because many companies are postponing major investment decisions in order to temporize how the economy will develop. The rather cautious attitude of tenants is noticeable, especially regarding demand in the large-scale market segment. Against this background, it is not surprising that no contract of more than 10,000 m² has been registered yet. The two largest deals in the first half of the year were concluded by Hengeler Müller (9,600 m²) in the CBD and NGK Spark Plug Europe (5,700 m²) in Ratingen Ost.  


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