CAUTIOUS NINE MONTHS IN DÜSSELDORF; LIVELY DEVELOPMENT IN SMALL SPACES
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By the end of the third quarter of 2025, the Düsseldorf office market achieved a modest overall result. With a take-up of around 149,000 sqm of office space in the city area, Düsseldorf remained well below its long-term average. Compared to the same period last year, approximately 3% less office space was leased within the city limits. In the entire market area, including the periphery, the volume totals 155,000 sqm. Thereby the current result noted just under 5% below last year's figure, and around 37% below the long-term average of 247,000 sqm.
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The lack of large-scale lettings was a key factor in the subdued performance during the first three quarters of the year. The current market focus is much stronger on smaller spaces. Around 91% of total take-up was accounted for by spaces of up to 5,000 sqm. The largest lease so far this year was Landesbank Hessen-Thüringen's on Kennedydamm in the second quarter, at around 7,800 sqm. The 1,000–2,000 sqm segment has been particularly active, accounting for almost 40,000 sqm (26%) of the total.
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A total of 96% of the result is attributable to urban areas. Around 27.000 sqm of take-up was recorded in the city centre.
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The shortage of modern office space in prime city centre locations has pushed the prime rent to a new record level of €46.00/sqm, which is 6% higher than last year's figure. The average rent, which is more volatile, stood at €19.90/sqm at the end of September 2025, representing a 5% increase year-on-year.