GERMANY'S OFFICE MARKETS CONFIRM PRIOR YEAR'S RESULT
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In an environment that remains challenging, Germany's office markets confirmed the previous year's result. Office space take-up in Germany's most important office markets Berlin, Cologne, Duesseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich amounted to 2.7 million sqm for 2025, which corresponds to a slight increase of 1.4% in a direct comparison. Market development was characterized above all by major contracts that signaled right at the beginning of the year and the significant increase in leasing activity in the medium-sized space segment, although not all markets were able to participate in the good result.
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With an impressive take-up of 611,000 sqm, Frankfurt is by far the strongest office market in Germany in 2025. Consequently, Frankfurt not only register an above-average result, which is above the 600,000 sqm mark for the first time since 2019, but also report a significant increase in take-up of 54% compared to the previous year. In particular, the major deals in the first quarter of Commerzbank (73,000 sqm) and ING-Diba (32,500 sqm), which were supported by BNP Paribas Real Estate, contributed to this strong result. Munich ranks second with 581,000 sqm of take-up. Although there was a moderate decline of 4% compared to the previous year, the overall good development in demand in Munich extends across all size segments. By far Berlin ranks third place. Take-up in Berlin amounts to only 486,000 sqm, which is significantly 16% below the previous year's result. Above all, the low number of major contracts is weighing on this result.