Construction (permits, completions)

Building permits: office and administrative buildings, Germany

2.62 million m² floor space 2025 -13.6% on 2024

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation

Series details

Building permits: office and administrative buildings, Germany (Bundesbank)

2.620 million m² floor space 2025 -13.6% on 2024

Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to 2025

Series details

Building permits: office and administrative buildings, Germany (Bundesbank)
Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B30.N.G650.R0200.A / New data last retrieved 3 November 2026
Original series as published: Real Economic Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Building permits - floor space / Germany / total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings) / unadjusted figures; unit: qm (×10^6)
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.

Building completions: office and administrative buildings, Germany

2.64 million m² floor space 2025 -21.3% on 2024

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation

Series details

Building completions: office and administrative buildings, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 31121LJ001/{01–16}.BAUART1.BTK-GEB.GBD-NW-BV.FLC002 / New data last retrieved 2 November 2026
Original unit as published: 1000 qm

Building completions: office and administrative buildings, Germany (Bundesbank)

2.644 million m² floor space 2025 -21.3% on 2024

Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to 2025

Series details

Building completions: office and administrative buildings, Germany (Bundesbank)
Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B30.N.G650.R0220.A / New data last retrieved 3 November 2026
Original series as published: Real Economic Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Building completions - floor space / Germany / total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings) / unadjusted figures; unit: qm (×10^6)
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.

Links with economic indicators

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Building permits: office and administrative buildings, Germany and 10-year Bund yield

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: 10-year Bund yield.

Rank correlation (Spearman) of changes at lag 0: -0.18 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation
Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to October 2026 / own calculation

Series details

Building permits: office and administrative buildings, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 31111LJ001/{01–16}.BAUART1.BTK-GEB.GBD-NW-BV.FLC002 / New data last retrieved 2 November 2026
Original unit as published: 1000 qm10-year Bund yield
Deutsche Bundesbank, SDMX Web Service, series BBSIS.M.I.ZAR.ZI.EUR.S1311.B.A604.R10XX.R.A.A._Z._Z.A / New data last retrieved 3 November 2026
Original series as published: Yields, derived from the term structure of interest rates, on listed Federal securities with annual coupon payments / residual maturity of 10.0 years / monthly data; unit:
Derived from Deutsche Bundesbank data by us, under the ESCB Terms of Use for the Reuse of Statistics.

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Building permits: office and administrative buildings, Germany and Euribor 3-month, monthly average

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: Euribor 3-month, monthly average.

Rank correlation (Spearman) of changes at lag 0: 0.01 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation
Source: European Central Bank / Licence: Source: ECB / Data to September 2026 / own calculation

Series details

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Building permits: office and administrative buildings, Germany and New-business loan rate, non-financial corporations, over EUR 1m

National indicator against Germany

Note: Based on only 14 annual observations. With a sample this small the pattern may be coincidental.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: New-business loan rate, non-financial corporations, over EUR 1m.

Rank correlation (Spearman) of changes at lag 0: -0.37 (n = 14)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2012 to 2025 (n = 14). It does not show that one causes the other, and it is not a forecast.

Series details

Building permits: office and administrative buildings, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 31111LJ001/{01–16}.BAUART1.BTK-GEB.GBD-NW-BV.FLC002 / New data last retrieved 2 November 2026
Original unit as published: 1000 qmNew-business loan rate, non-financial corporations, over EUR 1m
Deutsche Bundesbank, SDMX Web Service, series BBIM1.M.DE.B.A2A.D.R.1.2240.EUR.N / New data last retrieved 3 November 2026
Original series as published: Effective interest rates of German banks / New business / Loans to non-financial corporations over EUR 1 million, with floating rate or initial rate fixation up to 3 months / SUD149; unit: % p.a.
Derived from Deutsche Bundesbank data by us, under the ESCB Terms of Use for the Reuse of Statistics.

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Building permits: office and administrative buildings, Germany and Consumer price index, Germany

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: Consumer price index, Germany.

Rank correlation (Spearman) of changes at lag 0: -0.16 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation
Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to September 2026 / own calculation

Series details

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Building permits: office and administrative buildings, Germany and Real GDP, Germany

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Note: Real GDP, Germany: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: Real GDP, Germany.

Rank correlation (Spearman) of changes at lag 0: 0.29 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Series details

Building permits: office and administrative buildings, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 31111LJ001/{01–16}.BAUART1.BTK-GEB.GBD-NW-BV.FLC002 / New data last retrieved 2 November 2026
Original unit as published: 1000 qmReal GDP, Germany
Deutsche Bundesbank, SDMX Web Service, series BBNZ1.Q.DE.N.H.0000.L / New data last retrieved 3 November 2026
Original series as published: Germany / National accounts / Overall economy / Gross domestic product (price adjusted) 1, 2, 3; unit: 2020=100
Derived from Deutsche Bundesbank data by us, under the ESCB Terms of Use for the Reuse of Statistics.

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Building permits: office and administrative buildings, Germany and Registered unemployment rate, Germany

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Note: Registered unemployment rate, Germany: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: Registered unemployment rate, Germany.

Rank correlation (Spearman) of changes at lag 0: -0.39 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Series details

Building permits: office and administrative buildings, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 31111LJ001/{01–16}.BAUART1.BTK-GEB.GBD-NW-BV.FLC002 / New data last retrieved 2 November 2026
Original unit as published: 1000 qmRegistered unemployment rate, Germany
Deutsche Bundesbank, SDMX Web Service, series BBDL1.M.DE.Y.UNE.UBA000.A0000.A01.D00.0.R00.A / New data last retrieved 3 November 2026
Original series as published: Unemployment registered pursuant to section 16 Social Security Code III / Germany / Social Security Code III and Social Security Code II / Rate / Calendar and seasonally adjusted; unit: Prozent
Derived from Deutsche Bundesbank data by us, under the ESCB Terms of Use for the Reuse of Statistics.

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Building permits: office and administrative buildings, Germany and Construction price index, office buildings

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: Construction price index, office buildings.

Rank correlation (Spearman) of changes at lag 0: 0.1 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Series details

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Building permits: office and administrative buildings, Germany and OECD business confidence, construction (not seasonally adjusted)

National indicator against Germany

Note: Based on only 17 annual observations. With a sample this small the pattern may be coincidental.

Note: OECD business confidence, construction (not seasonally adjusted): Latest observation: May 2026. OECD has not published newer data within the expected interval, so this series may be out of date.

Blue line, left axis: Building permits: office and administrative buildings, Germany. Ochre line, right axis: OECD business confidence, construction (not seasonally adjusted).

Rank correlation (Spearman) of changes at lag 0: 0.55 (n = 17)

Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.

This shows how two series moved together over 2009 to 2025 (n = 17). It does not show that one causes the other, and it is not a forecast.

Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation
Source: OECD / Licence: OECD terms and conditions / Data to May 2026 / own calculation

Series details

Construction (permits, completions)

Building permits: office and administrative buildings, Germany

Building permits: office and administrative buildings, Germany (Bundesbank)

Building completions: office and administrative buildings, Germany

Building completions: office and administrative buildings, Germany (Bundesbank)

Links with economic indicators

Building permits: office and administrative buildings, Germany and 10-year Bund yield

Building permits: office and administrative buildings, Germany and Euribor 3-month, monthly average

Building permits: office and administrative buildings, Germany and New-business loan rate, non-financial corporations, over EUR 1m

Building permits: office and administrative buildings, Germany and Consumer price index, Germany

Building permits: office and administrative buildings, Germany and Real GDP, Germany

Building permits: office and administrative buildings, Germany and Registered unemployment rate, Germany

Building permits: office and administrative buildings, Germany and Construction price index, office buildings

Building permits: office and administrative buildings, Germany and OECD business confidence, construction (not seasonally adjusted)

Insights using this KPI