According to Savills latest research, the German top six office markets: Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg and Munich, saw take-up volumes of 1.2 million sq m in the first half of 2026. This total is 6% below the corresponding figure from last year and 12% below the 10-year average.

The average prime rent across the top six cities rose by 1.6% compared with the previous quarter, says Savills. At the same time, the average vacancy rate across the top six cities rose by 20 basis points to reach 8.9%.

Jan-Niklas Rotberg, Managing Director and Head of Office Agency, Savills Germany, says: “There were significant differences between the cities in H1. Berlin had a strong first six months and continued to show a high level of market activity while Munich remained stable. Both markets are benefiting from lettings from the AI and technology sector, as well as their attractiveness to international occupiers. Cologne and Düsseldorf, on the other hand, had a weaker first half of the year.

“High-quality modern space remains in demand while marketing older existing stock and properties in weaker locations is becoming increasingly difficult.”

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