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Insights

Investment MarketBeat

Quarterly market figures and trends for the Commercial Real Estate Investment Market in Germany

Download Q4 2025

The commercial investment market in Germany recorded a transaction volume of approximately €23.04 billion during 2025 - up 3 per cent on the previous year.

The Top 7 markets recorded €11.98 billion, roughly on par with the previous year's figure.

KEY POINTS 2025
  • Retail remained the strongest asset class in 2025 with a transaction volume of around €6.48 billion and a market share of 28 per cent - a significant increase of 57 per cent over the previous year.
  • The office segment saw a noticeable upturn, particularly in the fourth quarter; overall, the segment achieved a volume of around €5.13 billion (over 22 per cent market share) - roughly in line with the previous year's level.
  • Logistics and industrial properties accounted for around €5.00 billion in 2025 (market share of just under 22 per cent).
  • The hotel investment market continued its recovery and gained significant momentum again at the end of the year, with a transaction volume of €1.97 billion.
  • Prime yields for core office properties in the top 7 markets hold steady at 4.9%; logistics at 4.50%; high-street retail at 4.46%.
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'Market participants gained significantly more orientation and certainty in the fourth quarter. The combination of more stable interest rates, clearer price ratios and a cautious economic bottoming out has led investors to actively explore opportunities again.'

Simon Jeschioro, Head of Capital Markets & Investment Advisory Germany at Cushman & Wakefield

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How are transactions developing on the German investment market? Are yields rising or falling? And which asset classes are in demand? Our Investment MarketBeats give a quarterly insight into the German market, looking at Germany as a whole and the top 5 markets. 
Investment Marketbeats Investment Marketbeats

GERMANY INVESTMENT MARKETBEATS

CONTACTS

Simon Jeschioro
Simon Jeschioro

Head of Capital Markets & Investment Advisory • 60311 Frankfurt am Main

Martin Polifke Cushman & Wakefield
Martin Polifke

Head of Business Development Services, Germany • 60311 Frankfurt am Main

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