Berlin Office Market Dynamics, Q2 2025

238,000 sq.m. of office space was leased in Berlin in the first half of 2025, 19% less than in the same period of 2024 (295,200 sq.m). This volume is also 27% below the five-year average (327,420 sq.m.) and 35% less than the ten-year average (365,640 sq.m.).

The vacancy rate increased to 8.0% in the second quarter of 2025, up from 7.7% in the first quarter of 2025 and 5.6% a year ago. Currently, more than 1.82 million sq.m. of office space is vacant in Berlin.

Prime rent stayed at the level of the first quarter of 2025 - €46,00/sq.m./month, up from €44,00/sq.m./month a year ago.