Summary and analysis of Cologne's current office real estate market conditions.
Insight
Cologne Office Market Dynamics, Q1 2025
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In the first quarter of 2025, the Cologne office letting market recorded a take-up of 68,300 sq.m., a significant increase of 79% compared to the first quarter of the previous year. Two large-scale deals were responsible for this above-average result.
The vacancy rate has increased by 10 basis points in the first three months of the year, but at 4.4%, it remains very low compared to other German cities.
The prime rent has remained stable over the last eighteen months at €32.50/sq.m./month. The weighted average rent, on the other hand, increased by nearly 10% in the first quarter and, at €21.96/sq.m./month, is higher than ever before.