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
16 April 2026
Germany Big 7 Office Market Dynamics, Q1 2026
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The German Big 7 markets (Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart) recorded office take-up of 616,800 sq.m. in Q1 2026, approximately 17% below the prior-year quarter.
Office vacancy continued to rise at the start of the year. At the end of the first quarter, approximately 8.3 million sq.m. of office space was available for immediate occupancy across the seven office hubs, with the average vacancy rate increasing to 8.3%.
Prime rents increased year-on-year in five of the seven cities. Munich continues to command the highest prime rent at €60.00/sq.m./month. In Q1 2026, Berlin recorded an increase of €0.50 to €47.50/sq.m./month.
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