AFTER A SUBDUED START TO THE YEAR, MARKET GAINS MOMENTUM IN Q2
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In the first half of 2025, total take-up on the Düsseldorf office market reached 98,000 sqm. This result fell short of both the long-term average and the previous year’s volume (-16%). As in other top office locations, the ongoing economic weakness continues to significantly damper activity in Düsseldorf. Companies in the Rhine metropolis remain cautious about strategic decisions and large-scale space requirements.
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In the first six months of the current year, no major contracts for more than 10,000 sqm were recorded. However, the current result includes two major lettings of over 5,000 sqm: Landesbank Hessen-Thüringen (Helaba) has signed a lease for 7,800 sqm of office space in the Kennedydamm submarket and Galeria will move into 6,800 sqm of space in the Friedrichstadt office market zone.
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The brisker market momentum in the small and medium-sized space segment is encouraging. The broadly defined space category of up to 5,000 sqm accounts for 85% of take-up (10-year average: 75%).
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Premium properties in prime locations in Düsseldorf are currently commanding a prime rent of €43.50/sqm, which corresponds to a year-on-year increase of 4%. The more volatile average rent was €19.10/sqm in the first half of 2025.