Cologne Office Market Dynamics, Q2 2025

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.