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.
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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.
Many large leases in Hamburg from January to the end of September ensured a very dynamic leasing activity. Due to further substantial requests, the brokerage industry was optimistic in the autumn and expected a new record year. However, the fourth quarter, with sales of 100,000 m², fell significantly short of expectations. As several major users were unable to successfully conclude their negotiations in the fourth quarter, this excess demand suggests a strong start to the year. Overall, the Hamburg office market achieved a very good result with an increase of 15 % compared to the previous year.
The Hamburg market for office space achieved a record turnover of 615,000 m² in 2022.