Germany Retail Market Dynamics, H2 2025

Floor space turnover for retail space increased by 8.6% compared to the previous year, with 954 leasing deals throughout the year. Demand for inner-city locations remains consistently above average.

Prime rents increased in 2025 in several cities such as Düsseldorf and Frankfurt, but forecasts for 2026 show an impending correction with expected declines in Berlin and Nuremberg, while other markets are expected to remain stable.

Prime yields in German metropolitan areas have remained stable since the end of 2023, with Munich showing the lowest yields and Stuttgart as well as Cologne displaying the highest yields. 

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