Market reports for the Hamburg office market 

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While Hamburg’s office market is shaped by a decline in available space, offices will continue to play an important role in the future. Especially centrally located properties with high efficiency, excellent connectivity and attractive local supplies and services will continue to benefit from high demand. What is more, offices will play a decisive role in facilitating personal encounter and serving as a networking platform for members of staff, business partners and clients. The market reports provide you with more detailed information on the current market situation in each of Hamburg’s districts.

Our real estate partners offer you access to the latest office market reports. Search specifically for rents, returns and purchasing prices in Hamburg’s office, industrial and retail space market.

The Hamburg market reports provide you with some general information about the market to assist you with your real estate decisions. Find out more about the latest developments on the Hamburg real estate market.

Office market report Q2/2022

Viewed nationwide, the office markets are slowly overcoming the effects of the COVID-19 pandemic. Especially service companies have been expanding lately, adding to the demand for attractive, modern premises. In parts, this is also owing to the business sector’s efforts in counteracting the current home office trend by offering employees a pleasant, communicative working environment in the office.

In Germany’s seven most important office markets – i.e. Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich and Stuttgart – office space take-up, including owner-occupiers, has increased by an average of almost 25% in 2021 compared to the previous year and is now at the same level as in 2013/2014.

In spite of increased take-up, the average vacancy rate in the “Big 7” real estate markets rose to 4.5% between 2020 and 2021. However, the current vacancy rate continues to be below the fluctuation rate, reflecting the shortage of office space in Germany's top office markets. Vacancies mainly occur in outdated spaces in decentralised locations.

Market reports on prices, rents and market trends in 2022

BNP Paribas Real Estate

This quarterly market analysis report provides an in-depth basis for decisions relating to commercial real estate in Hamburg.

Engel & Völkers Commercial

The Engel & Völkers Research reports offer you the latest overview of the market situation at numerous E&V Commercial locations.

Savills Deutschland

Here you will find the office rental and commercial investment market report for the 1st half-year 2022 in Hamburg.

Angermann

The latest office market report for Hamburg for the 3rd quarter 2022. You will find details on uptakes and vacancies, as well as the average and premium rents.         

CBRE

CBRE’s regular market reports and newsletters contain transparent information and expert expertise on the current market situation and the important real estate trends in Hamburg.

Grossmann & Berger

The Q1-Q2 2022 market report gives you an assessment of office space uptake by size and industry, of premium and average rents, of vacancy rates and forecasts regarding completions.

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