MODERATE START TO THE YEAR
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The Leipzig office market recorded a subdued start to 2026. Office take-up in the first quarter totaled just 15,000 sqm, representing an almost unchanged result compared with the previous year (–6% y-o-y). The ten-year average of 22,000 sqm was not reached. The high resilience observed in previous quarters, as well as Leipzig’s traditionally limited sensitivity to economic cycles, was not evident at the beginning of the year. A weak economic environment, combined with ongoing macro- and geopolitical risks, weighed noticeably on leasing activity. This was particularly apparent in the mid-sized segment, which showed pronounced weakness: by the end of March, no lettings between 1,000 and 5,000 sqm had been recorded.
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Overall, approximately 61% of total take-up was attributable to contracts of up to 500 sqm. In terms of the number of lettings, these small-scale lettings accounted for as much as 93%, highlighting the highly fragmented market structure. While this pattern limits overall volume, it continues to provide a solid demand base for Leipzig. In addition, a single contract exceeding 5,000 sqm was already concluded in Q1, with the public sector leasing around 5,200 sqm in Leipzig West.
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The prime rent remains unchanged year-on-year at €21.00/sqm, still achieved for premium office space in central locations. The average rent has been stable at €13.50/sqm since December 2025.