Office vacancy rate

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Office vacancy rate, 7 major cities and 10-year Bund yield

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Office vacancy rate, 7 major cities. Ochre line, right axis: 10-year Bund yield.

Rank correlation (Spearman) of changes at lag 0: 0.02 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.

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Office vacancy rate, 7 major cities and Euribor 3-month, monthly average

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Office vacancy rate, 7 major cities. Ochre line, right axis: Euribor 3-month, monthly average.

Rank correlation (Spearman) of changes at lag 0: -0.31 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.

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Office vacancy rate, 7 major cities and New-business loan rate, non-financial corporations, over EUR 1m

National indicator against 7 major cities (A-Städte)

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

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Office vacancy rate, 7 major cities. Ochre line, right axis: New-business loan rate, non-financial corporations, over EUR 1m.

Rank correlation (Spearman) of changes at lag 0: 0.42 (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.

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Office vacancy rate, 7 major cities and Real GDP, Germany

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

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

Blue line, left axis: Office vacancy rate, 7 major cities. Ochre line, right axis: Real GDP, Germany.

Rank correlation (Spearman) of changes at lag 0: -0.55 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.

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Office vacancy rate, 7 major cities and Registered unemployment rate, Germany

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

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: Office vacancy rate, 7 major cities. Ochre line, right axis: Registered unemployment rate, Germany.

Rank correlation (Spearman) of changes at lag 0: 0.65 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.

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Office vacancy rate, 7 major cities and Construction price index, office buildings

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

Blue line, left axis: Office vacancy rate, 7 major cities. Ochre line, right axis: Construction price index, office buildings.

Rank correlation (Spearman) of changes at lag 0: -0.07 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.

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Office vacancy rate, 7 major cities and OECD business confidence, construction (not seasonally adjusted)

National indicator against 7 major cities (A-Städte)

Note: Office vacancy rate, 7 major cities: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.

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: Office vacancy rate, 7 major cities. Ochre line, right axis: OECD business confidence, construction (not seasonally adjusted).

Rank correlation (Spearman) of changes at lag 0: -0.32 (n = 30)

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

This shows how two series moved together over 1996 to 2025 (n = 30). It does not show that one causes the other, and it is not a forecast.