At a Glance Q1 2021

Office market Germany

Büromarkt Deutschland


The major German office markets remain stable in the first quarter of 2021. Despite the ongoing lockdown and only slight easing of contact restrictions, take-up in Germany‘s top eight office markets Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich was around 697,000 m² in the first quarter of 2021. Thus, the previous year's result was only missed by just under 6%. This is even more noteworthy because the first quarter of 2020 was hardly affected by the Corona pandemic until March. The current result is a clear sign of restored confidence of corporate decision makers. The rise in vacancies continued at a reduced pace in the first quarter. The vacancy rate is currently  above 5% only in Frankfurt and Düsseldorf. The prime rent remained constant in all locations. 

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