Office MarketBeat

KEY POINTS 2025

• Year-on-year, Frankfurt stands out clearly from the other top five markets, with an increase of 56% over the previous year (office space take-up: 549,300 m²).
• The results in the other four markets were below the previous year's levels: Berlin achieved a space take-up of 484,200 m² (-11%), Munich 560,500 m² (-7 per cent), Hamburg 393,600 m² (-5 per cent) and Düsseldorf around 212,300 m² (-5 per cent).
• Prime rents in the top five markets remained high, confirming the structural upward trend in central locations.
• Munich remains the most expensive office market at around £55.00/m², followed by Frankfurt (£52.00/m²), Düsseldorf (£46.00/m²) and Berlin (£45.00/m²). Hamburg continues to have the lowest prime rents of the top five at £37.00/m².
• Vacancy rates in the top five markets continued to rise over the year, and averaged 9.4 per cent at the end of 2025.
• New construction activity in the top five markets is declining noticeably. Many projects from the strong development pipeline of recent years were completed in 2023 and 2024, while new construction projects were launched much less frequently.