SUBDUED MARKET DYNAMICS IN H2 2025; STRONGER LETTING ACTIVITY UP TO 1,000 SQM
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Office take-up in the Leipzig market totaled 38,000 sqm in the first half of 2025. This represents a decline of 36% compared to both the long-term average and the previous year’s result (59,000 sqm). The relatively weak first quarter (16,000 sqm) was surpassed in the second quarter, which recorded 22,000 sqm. One major reason for the overall weak performance so far is the absence of larger lettings above 5,000 sqm.
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As is typically, the Leipzig office market is primarily shaped by small and mid-sized letting agreements. This trend is once again evident in the first half of the year, as contracts up to 1,000 sqm accounted for a significant market share of 68% (10-year average: 55%). In absolute terms, however, take-up in this segment remained below the long-term average, with 25,800 sqm (compared to 33,200 sqm). A slightly positive note is recorded in medium-sized segment (2,000 sqm to 5,000 sqm), which posted a market share of 22%, slightly above the 10-year average of 20%.
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The prime rent has remained stable at €21.00/sqm since the end of 2024, reflecting a year-on-year increase of around 5%. However, significantly higher rental prices are already being achieved for modern space in central locations. The more volatile average rent has increased by approximately 6% over the past 12 months, currently standing at €13.20/sqm.
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