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, Q4 2025
In the German Big 7 office markets (Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart), approximately 2.67 million sq.m. of office space take-up was recorded in 2025, with 628,000 sq.m. attributed to Q4. Overall, the annual total was slightly below that of 2024.
Office vacancy continued to rise in 2025: by year-end, around 8.1 million sq.m. of office space was available for immediate occupancy across the seven major cities. The average vacancy rate increased to 8.1% in Q4. While vacancy in prime locations remains low, higher levels are mainly found in peripheral areas and older properties.
Prime rents increased in many locations in 2025. Munich recorded the highest prime rent at €60.00/sq.m./month, while the most significant quarterly increase was noted in Hamburg, where the prime rent rose to €41.00/sq.m./month.