Hamburg’s commercial rent index

Information on rental prices for your commercial space search

How much will one square metre in Hamburg cost you? Hamburg’s commercial rent index provides guidance for your office search. For many companies, payable rents are the second largest cost factor just after personnel. Hence the price of commercial rental properties is a core issue for users, real estate agents, advisory service providers and property owners alike. Little wonder then that the rent tends to be crucial when deciding for or against a location.

Hamburg’s commercial rent index

 

Provided by Hamburg Invest and based on data submitted by real estate agents, the commercial rent index is compiled annually and represents the average rents realised on the market for office space, warehouse space and retail space.

Figures refer to net rent per square metre excluding ancillary costs.
Source: Statista

Office space 

Average and prime rents

Average rent: €15.00 per m²  |  Prime rent: €35.00 per m²

Rental price range in EUR/m²
*The prime rent peaked in Hamburg in 2021 at € 35.00/m²

City:  15.00 – 35.00* 
Alster-Ost:  12.00 – 21.50 
St. Georg:  11.00 – 19.00 
Alster-West:  13.00 – 24.00 
Hafenrand:  15.00 – 23.00 
Altona / St. Pauli: 11.50 – 25.00 
Eimsbüttel / Eppendorf:    11.00 – 18.00
HafenCity:  17.00 – 32.00 
City-Süd:    9.50 – 17.50 
Harburg:    9.00 – 14.50
Flughafen:  10.00 – 15.50
City-Nord:    9.00 – 17.00 
Hamburger Westen:  11.00 – 18.50 
Hamburger Osten:    9.00 – 14.00

Industrial & logistics space

Average and prime rents

Average rent €5.00 per m²    |  Prime rent €6.90 per m²

Rental price range in EUR/m²
*The prime rent peaked in 2021 at € 6.90/m² in Hamburg

Hamburg-Nord: 5.70 - 6.90*
Hamburg-Ost: 5.20 - 6.60 
Hamburg-Süd: 6.00 - 6.30
Hamburg-West:   5.40 - 6.90
  
Umland Nord:  4.10 - 5.70 
Umland Süd:  5.00 - 5.30 
Umland Ost:  4.30 - 5.90 
Umland West: 4.70 - 5.70
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