Market reports for the Hamburg office market 

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.

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 Vacancies mainly occur in outdated spaces in decentralised locations.