Summary and analysis of Hamburg's current office real estate market conditions.
Office space take-up in Hamburg reached around 323,300 sq.m. in the first nine months of 2025. Demand in the overall market was concentrated in the city center and came primarily from the industrial sector.
The supply of available office space increased, with vacancy reaching 6.4% in Q3 and supply totaling over one million sq.m. of existing space.
Since the third quarter of 2024 prime rent remained stable at €36.00/sq.m./month.