At a Glance Q3 2022

Office market Germany

Büromarkt Deutschland


Despite all the adversities, the German office markets stayed on course in the third quarter, and in many markets letting activity even increased further during the summer months. Overall, take-up in the eight locations of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich totaled 2.7 million m² by the end of September. This exceeded the result for the same period last year by a good 21% as well as the 10-year average by 3%. It is particularly noteworthy that, despite the further deterioration in the economic outlook in the summer months, letting activity in the third quarter rose by 2% compared with Q3 2021 and still passed the 900,000 m² mark.


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