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.
Insight
Germany Big 7 Office Market Dynamics, Q3 2025
- In the third quarter of 2025, officetake-up in Germany’s Big 7 markets (Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart) amounted to around 613,000 sq.m. Overall, the third quarter was relatively subdued following a more dynamic start to the year. The cumulative annual figure reached approximately 2.0 million sq.m. after three quarters, slightly exceeding last year's level.
- Office vacancy continued to rise, with a total of around 7.8 million sq.m. of office space currently available at short notice across the seven cities. The average vacancy rate increased to 7.9%. Rising vacancies have been especially evident in peripheral locations and older existing buildings.
- Prime rents remained at a high level and rose again in selected top locations despite the higher vacancy. Munich reported thehighest prime rent at €60.00/sq.m./month, followed by Frankfurt at €52.00/sq.m./month.