Hamburg Office Market Dynamics, Q4 2025

Office take-up in Hamburg reached approximately 412,100 sq.m. in 2025. Demand was mainly concentrated in the City Center, driven largely by the manufacturing sector.

Vacancy rose in Q4 to over 1.06 million sq.m., which corresponds to a vacancy rate of 6.7%. The supply is supplemented by around 142,400 sq.m. of available space currently under construction.

The prime rent increased significantly compared to the previous quarter, rising by 14% to €41.00/sq.m./month.