Berlin Office Market Dynamics, Q1 2026

In the first quarter of 2026, 148,100 sq.m. of office space was leased in Berlin, 43% more than in the same period in 2025. This figure is 6% below the five-year average (157,520 sq.m.) and 22% below the ten-year average (188,800 sq.m.) but 18% higher than in the fourth quarter of 2025 (125,900 sq.m.).

The vacancy rate rose to 8.4% in the first quarter of 2026, compared to 8.2% in the fourth quarter of 2025 and 7.7% a year earlier. Currently, more than 1.94 million sq.m. of office space is available on short notice in Berlin.

Prime rents have increased by €0.50 since the fourth quarter of 2025, reaching €47.50/sq.m./month in the first quarter of 2026. A year earlier, they were €46.00/sq.m./month.