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Office Market Germany — Figures Compared by Source

What 12 research houses currently report on the office market in Germany — rents, yields, vacancy and investment volume side by side, rather than scattered across separate reports. Where the figures disagree it is usually a matter of differing definitions, so they are shown per source and never averaged. Rent, yield and vacancy figures cover Q2–Q3 2026, plus full-year and forward-looking figures where sources publish them; older figures are not shown.

Yields — Office, Germany

SourceTypeValuePeriodQuoted from report
Angermann PublikationenNet initial4.4 %H1 2026Büro 4,40 %
Colliers International DEPrime4.4 %H1 20264.40–5.10 % prime gross initial yield office
BNP Paribas RE MarktberichteNet initial4.49 %H1 2026Für Büros ist die Netto-Spitzenrendite im Durchschnitt der A-Standorte auf 4,49 %
Avison Young DEPrime4.65 %Q2 2026Damit kletterte der Durchschnitt von 4,56% auf 4,65%
C&W MarketBeat GermanyPrime4.88 %Q2 20264.88% Office Prime Yield Ø Top 7 Markets
CBRE IMPrime4.9 %FY 2026Prime office yields in Germany’s top cities currently range from 4.5%–4.9%

Range across all sources: 4.4 to 4.88 %. The gap is mostly a matter of differing definitions (Net initial, Prime), so these values are not directly comparable.

Rows with a period after Q3 2026 (e.g. FY 2026) are full-year or forward-looking figures as reported by the source. They are listed below the quarterly values and left out of the range.

Vacancy — Office, Germany

SourceTypeValuePeriodQuoted from report
Colliers International DE (Deutsch)—9.2 %H1 2026stieg die Leerstandsquote auf 9,2 % und erreichte damit den höchsten Stand seit 2007
Colliers DE Blog—9.4 %Q3 2026Leerstandsquote 9,4 %
Colliers International DE—9.4 %Q3 2026Vacancy Rate 9,4 % +110 bp
C&W DE Insights—9.8 %Q2 2026The aggregated vacancy rate reached 9.8%, approaching the 10% threshold

Range across all sources: 9.2 to 9.8 %.

Investment Volume — Office, Germany

SourceTypeValuePeriodQuoted from report
Berlin Hyp—5.7 EUR bnFY 2025Im Vergleich zum Transaktionsvolumen der Assetklasse Büroimmobilien von rd. 5,7 Mrd. Euro im Jahr 2025
BNP Paribas RE Marktberichte—4.39 EUR bnFY 2026rund 4,4 Mrd. € umgesetzt, womit sich das Volumen in etwa auf dem Vorjahresniveau befindet (-1,7 %)
Colliers DE Blog—4 EUR bnQ3 20264,0 Mrd. € 26 %
Colliers International DE—4 EUR bnQ3 2026€4.0bn 26% Office
C&W DE Insights—3.76 EUR bnFY 2026which recorded €3.76 billion in transaction volume (21% share)
JLL DE Insights (EN)—3.1 EUR bnH1 2026In the half-year statistics, office transaction volume totalled just under €3.1 billion
C&W MarketBeat Germany—2.78 EUR bnH1 2026office properties recorded the highest share among the established sectors, with €2.78 bn and a market share of 22%
JLL Deutschland—2 EUR bnH1 2026kumulierte Transaktionsvolumen in Büroimmobilien in den fünf Städten im ersten Halbjahr 2026 gut zwei Milliarden Euro

Range across all sources: 2 to 5.7 EUR bn.

Underlying market reports

Every figure on this page comes from one of the published market reports below, and is shown with the sentence it was taken from.

Other markets

Office Frankfurt Office Berlin Office Cologne Office Dusseldorf Logistics Germany Residential Germany Retail Germany Office Hamburg Office Munich Office Stuttgart Office Austria
AI-generated: figures extracted automatically from the source reports and not manually verified. Each value shows its original quote.