FRANKFURT OFFICE MARKET WITH BEST INTERIM RESULTS OF THE LAST 20 YEARS
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Despite challenging economic conditions, the Frankfurt office market continues to perform extremely well. With a total take-up of 501,000 sqm across the entire market area, the previous year's result was exceeded by a substantial 63%, and the best result in 20 years was recorded. In the more narrowly defined GIF area, take-up increased by 78% to 460,000 sqm. This has further strengthened Frankfurt's position as the leading city in Germany, ahead of Munich (408,000 sqm) and Berlin (362,000 sqm). Frankfurt is also the only top location to report a result above the long-term average (+34%). The first quarter, in which over 200,000 sqm were let, contributed significantly to these positive figures.
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The Frankfurt market is currently dominated by large contracts. An above-average 54% of take-up can be attributed to the large-volume segment of above 5,000 sqm. Project leases by Commerzbank (73,000 sqm) and ING-DiBa (32,000 sqm) in the first quarter led to a significant increase in take-up. Further significant large-scale lettings occurred in the second and third quarters, including KPMG with 33,400 sqm in Westend (Q2) and Allianz Global Investors with 17,000 sqm in the Banking District (Q3).
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Since March 2025, the prime rent has remained stable at €54.00/sqm. This reflects a year-on-year increase of 10%. A similar trend can be seen in the average rent, which has increased by 25% to €30.20/sqm over the same period. The decisive factor here is the demand for high-quality office space.