Summary and analysis of Berlin's current office real estate market conditions.
Insight
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.