The quarterly Big 7 Office Market Dynamics Report summarizes and analyzes the current office real estate market conditions in the most important German office property markets.
14 July 2026
Insight
14 July 2026
Germany Big 7 office market dynamics, Q2 2026
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In Germany's Big 7 (Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart), office take-up in H1 2026 reached 1.35 million sq.m., approximately five percent below the prior-year period. Berlin (386,100 sq.m.) and Munich (347,500 sq.m.) together accounted for more than half of total take-up.
Office vacancy continued to rise to approximately 8.5 million sq.m. at mid-year; the average vacancy rate increased to 8.5%, compared with 7.7% at mid-year 2025. The highest vacancy rate was recorded in Düsseldorf at 11.8%, while Cologne posted the lowest at 5.0%.
Prime rents across the Big 7 increased by an average of 5% over the past 12 months. Munich recorded the highest value in Germany at €62.00/sq.m./month, followed by Frankfurt at €55.00/sq.m./month and Berlin at €48.00/sq.m./month.
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