MODERATE OVERALL RESULT, BUT MODERN TAKE-UP INCREASES
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At mid-year, the result for the Leipzig office market presents a differentiated picture: on the one hand, total take-up of around 33,000 sqm represents a decline of a good 13% compared with the previous year. On the other hand, there are also indications that demand has primarily shifted rather than weakened significantly. In this context, the number of registered deals declined only marginally by less than 8%, while modern take-up even increased by just under 19%. This reflects the trend that top-quality, smaller office spaces in the best micro-locations remain firmly in demand, whereas larger contracts are being observed less frequently and older existing properties in peripheral locations are becoming increasingly difficult to let.
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In line with this, only one larger letting has been registered in the first six months so far: in submarket 3.5 Leipzig-West, the public sector let around 5,200 sqm of office space in the first quarter. The most important deal of the last three months was concluded by a service provider, which let 4,300 sqm in the Centre Fringe zone Graphisches Viertel/Prager Strasse. All other deals within the Leipzig market area were below the 2,000-sqm mark.
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In terms of prime rent, the current sideways movement appears to be continuing. Accordingly, the €21.00 per sqm that has applied to premium space in city locations since Q4 2024 remains unchanged. The average rent is also stable and has remained unchanged at €13.50 per sqm since year-end 2025.