Summary and analysis of Rhine Neckar's current office real estate market conditions.
Insight
Rhine-Neckar Office Market Dynamics, Q4 2024
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In 2024, the Rhine-Neckar office rental market (Mannheim, Ludwigshafen, and Heidelberg) recorded a take-up of 160,600 sq.m., representing an increase of 54% compared to the same period of the previous year.
The vacancy rate has almost doubled compared to the end of the previous year and stands at 7.5%. Currently, around 332,000 sq.m. of office space is available in the overall market for short-term occupancy.
The prime rent has remained stable at €22.00/sq.m./month for 24 months now.