SUBDUED OVERALL RESULT FOR 2025
-
With take-up of 68,000 sqm, the Essen office market in 2025 missed both the previous year's result by around 27% and the 10-year average by a wide margin (-39%). The continuing challenging economic and geopolitical situation is having a dampening effect on letting activity. The moderate result is primarily due to a lower number of contracts recorded over the year. Only around 90 contracts were registered in 2025, which is about 15% fewer than in the previous year. While the leasing activity in the small and large space segment was lively in the annual review, there was a lack of lettings in the mid-size segment between 2,000 and 5,000 sqm, which are important for the market. Only two contracts were generated here by the end of 2025 (-57% compared to the long-term average).
-
Due to the major contract signed by the city of Essen in the first quarter for 13,000 sqm, Weststadt remains Essen’s highest-take-up submarket (~18,000 sqm) even after twelve months. The Core City recorded around 14,000 sqm of take-up, placing itself in 2nd place. The city of Essen is making a significant contribution by renting over 6,000 sqm in the newly built Kontorhaus Ost as well.
-
The persistently high demand for modern space, especially in new construction, is reflected in an increase in rents. The prime rent rose by 11% year-on-year to €20/sqm. This is achieved in the Core City for premium spaces.