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.
The Hamburg office rental market made a solid start with 99,200 m² in the first quarter of 2023, but there was a 22 % decline in space sales compared to the same period last year. This decline can be attributed to a lower share of owner-occupiers and a lower turnover in the 1,000 to 2,000 m² segment. It remains to be seen whether this decline in acreage sales is only temporary or whether it will continue in the coming quarters. Despite the decline in space sales in the first quarter of 2023, the atmosphere in the Hamburg office market is good. There is a high demand for well-equipped office space in good locations, especially by medium-sized companies up to a size of 5,000 square meters. Sustainability aspects and ESG compliance are playing an increasingly important role in rental decisions.