At the end of the year, the Essen office market recorded a total take-up of 113,000 m², which is around 5% below the long-term average. The office market was unable to match the previous year's solid volume and thus reported around 15% less take-up than in 2022. The first half of the year was driven by a strong second quarter including the three largest lettings of the year, while the second half of the year was largely characterised by a shortage of major lettings until the most recent quarter, when 8,100 m² was let to an owner-occupier by Opta Data in the subcentres as well as 4,500 m² by the education authority of the city of Essen in the city centre. Reflecting on the full year, the largest driver of take-up has been the size category between 5,001-10,000 m², which recorded a well above-average result with a market share of around 28%.


The PDF download contains an overview of the key figures for the Essen 2023 office market and the detailed table of key figures at submarket level can be accessed via the following link.

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