RESULT SLIGHTY ABOVE PREVIOUS YEAR'S LEVEL
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In the first quarter of 2026, the Düsseldorf office market recorded a take-up of 42,000 sqm, exceeding the previous year’s result by 8%. Market conditions continue to be shaped by volatile macroeconomic and geopolitical developments, as well as a sluggish economic environment. Against this backdrop, it is unsurprising that the start to the year was more subdued than the long-term average of 74,400 sqm.
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Leasing activity in Düsseldorf is traditionally driven by small and medium-sized lettings of up to 5,000 sqm, which account for an average 77% of total take-up over the long term. To date, no contract exceeding this threshold has been recorded in 2026. The largest letting was concluded by RKW Architektur, which renewed its lease for 4,500 sqm as anchor tenant in the KöTower project. The architectural firm will relocate its headquarters to the 17-storey high-rise at Königsallee 106, scheduled for completion by 2028, for which RKW also serves as the planning architect. The original lease agreement signed in 2021 had previously been terminated and renegotiated due to changes in the project timeline.
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The restricted supply of space, combined with persistently strong demand for high-quality offices, has continued to push prime rents upward in recent months. They currently stand at €46/sqm, representing an increase of 6% y-o-y. Even stronger growth has been observed in the average rent, which has risen to €22/sqm, marking a 16% increase. This development underscores the disproportionately high demand for modern, well-specified office space.