Summary and analysis of Cologne's current office real estate market conditions.
Insight
Cologne Office Market Dynamics, Q2 2025
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In the first half of 2025, the Cologne office letting market recorded take-up of 107,500 sq.m., representing an increase of 39% compared to the first half of the previous year. This above-average result was primarily driven by two large-scale deals from the first quarter.
The vacancy rate has increased by 20 basis points in the second quarter, but at 4.6%, it remains at a very low level compared to the national average.
The prime rent has remained unchanged at €32.50/sq.m./month in the first half of the year. In contrast, the weighted average rent increased by nearly 13% in the same period, reaching a new record high of €22.48/sq.m./month.