At a Glance Q3 2025

Office market Germany

Büromarkt Deutschland

POSITIVE SIGNS FOR GERMANY'S OFFICE MARKETS: TAKE-UP UP A GOOD 3% ON PREVIOUS YEAR'S LEVEL

  • At the end of the third quarter, office take-up in Germany’s most important office markets — Berlin, Cologne, Düsseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich — amounted to 2.0 million sqm. This figure is 3.4% higher than last year's, and a direct quarterly comparison highlights the stable market activity despite the ongoing weak economic environment. There has recently been positive momentum from the important mid-sized segment, which has seen a significant and sustained increase in letting activity in recent months following a long period of stagnation. While the market for small spaces remains dynamic, the rapid pace of large transactions seen at the beginning of the year has not been maintained.

  • By the end of the third quarter, the Frankfurt office market recorded 501,000 sqm of office take-up, which was a 63% increase on the previous year and set a new record for the city. The Frankfurt market is the most dynamic in Germany and attracts attention every quarter with large deals. The Munich office market is also performing well in terms of large deals. A total of five such deals had been registered by the end of September. Together, these deals contributed around 88,000 sqm to the current take-up of 408,000 sqm, which was only 8% below the strong result achieved in the same period last year.

  • Large deals are still making a difference in the current market. In Berlin only one contract for 10,000 sqm has been registered for 2025. The letting activity in small and medium-sized spaces can't compensate this. At the end of September, office take-up was only at 362,000 sqm (– 14% below last year).

 

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