At a Glance Q3 2022

Office market Leipzig

Büromarkt Leipzig


The positive development on the Leipzig office market continued as in the same period last year. With  take-up of 101,000 m², last year's record was missed by 11%, but the long-term average was exceeded by a good 15%. The third quarter was comparatively subdued recording a letting volume of 32,000 m², nevertheless the result is still in line with the long-term average. It was most of all the lack of large scale deals which prevented a high take-up in the past quarter. In Q3, there were only three contracts with more than 2,500 m² recorded in the Leipzig office market. Through another large letting by public administration (4,200 m²) in Q3, this sector is now responsible for the two largest lettings of the current year. The fact that the average take-up in Q3 was achieved even without many larger lettings underlines the diversified demand in the smaller size segments on the Leipzig office market.

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