Summary and analysis of Cologne's current office real estate market conditions.
Insight
Cologne Office Market Dynamics, Q3 2025
- The Cologne office leasing market recorded a space take-up of 167,100 sq.m. in the first three quarters of 2025, a decrease of 7% compared to the previous year's value. The number of transactions decreased by 18%.
- The vacancy rate increased by 30 basis points in the third quarter but remains at a very low level of 4.9% compared to the national average.
- The prime rent remained unchanged year-on-year at €32.50/sq.m./month. The weighted average rent, however, increased by more than €4.00 to €22.50/sq.m./month during the same period.