Recent figures point to the start of the next growth cycle in Germany’s office real estate market. What makes the market particularly attractive is that it combines stability, size and positive growth prospects — especially if value-add strategies are applied for the purpose of repositioning portfolio properties.

In 2024, the markets in Germany’s so-called “Big 7” cities — Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart — achieved a take-up of around 2.7 million square metres (29 million square feet). This implies a growth of about 6 percent year-over-year, and underlines the upward trend of the country’s office real estate market. The momentum also reflects the increased demand for high-end office units, which has prompted a 6 percent rise in prime rents, with Munich, at €54.50 per square metre (€5.06 per square foot) per month, and Frankfurt, at €50.00 per square metre (€4.65 per square foot) per month, leading the way.