According to Savills latest research, take-up in the top six German office markets, Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg and Munich, totalled 560,800 sq m in the first quarter of 2026. This figure represents an 18% decrease on the corresponding period last year and remains 21% below the ten-year average.  

Jan-Niklas Rotberg, Managing Director and Head of Office Agency, Savills Germany, says: “Due to the uncertain geopolitical and economic environment, occupiers remain unwilling to relocate and many companies are taking significantly more time over their decisions. Properties are being carefully analysed and costs, location and future viability are being intensively compared. At the same time, options to extend are being considered and frequently exercised.”

Antonia Wecke, Research Associate for Savills Germany, says: “Demand is increasingly concentrating on high-quality office space in central locations. However, supply in this segment is somewhat limited, with vacancy rates correspondingly low and the negotiating position between landlords and tenants evenly balanced.”

The average prime rent across the top six cities rose by 1.5% compared with the previous quarter, while the vacancy rate increased by 40 basis points to 8.7%.

Rotberg adds: “Not every company seeking better space can or wishes to make the leap into the premium segment. For such occupiers, well-connected urban district locations are often the more sensible economic alternative. Public-sector occupiers and medium-sized companies in particular are seeking to improve the quality of their space and location but remain cost-focused. Hence, efficient, appropriately-priced concepts in suitable locations, and not necessarily high-end products, are in demand.” 

Further graphics and data on this press release can be found on our
Online dashboard on the top six office markets.