Summary and analysis of Nuremburg's current office real estate market conditions.
Insight
Nuremburg Office Market Dynamics, Q4 2024
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A total of 116,000 sq.m. was leased over the course of 2024. This represents an increase of 66% compared to the previous year, and an increase of 11% compared to the five-year average (2019-2023).
The vacancy rate at the end of the fourth quarter of 2024 was 7.7%, 90 basis points above Q4 2023 level.
Prime rent has increased by 50 cents y-o-y, or 2.9%, to €18.00/sq.m./month.