Summary and analysis of Cologne's current office real estate market conditions.
Insight
15 April 2026
Cologne Office Market Dynamics, Q1 2026
Categories:
- With a take-up of 40,400 sq.m. in the first quarter, the Cologne office letting market had a subdued start to 2026. The result was significantly below the previous year's level and the comparable five-year average.
- The vacancy rate has risen by 70 basis points year-on-year, but at 5.1% it is at a low level in a nationwide comparison.
- The prime rent also remained stable in the first quarter at €32.50/sq.m./month. The weighted average rent, in contrast, has fallen by around 10% year-on-year.