Rent index (new lettings)
Rent index (new lettings), office, Germany (annual)
142.5 index 2025 +3.3% on 2024
Note: Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.
Links with economic indicators
Rent index (new lettings), office, Germany (annual) and 10-year Bund yield
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Blue line, left axis: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: 10-year Bund yield.
Rank correlation (Spearman) of changes at lag 0: 0.21 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). It does not show that one causes the other, and it is not a forecast.
Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to October 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.10-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.
Rent index (new lettings), office, Germany (annual) and Euribor 3-month, monthly average
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Blue line, left axis: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: Euribor 3-month, monthly average.
Rank correlation (Spearman) of changes at lag 0: 0.14 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). It does not show that one causes the other, and it is not a forecast.
Source: European Central Bank / Licence: Source: ECB / Data to September 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.Euribor 3-month, monthly average
European Central Bank, DBnomics series ECB/FM/M.U2.EUR.RT.MM.EURIBOR3MD_.HSTA
Rent index (new lettings), office, Germany (annual) 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.
Note: Rent index (new lettings), office, Germany (annual): Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Blue line, left axis: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: New-business loan rate, non-financial corporations, over EUR 1m.
Rank correlation (Spearman) of changes at lag 0: 0.23 (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.
Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to September 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.New-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.
Rent index (new lettings), office, Germany (annual) and Consumer price index, Germany
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Blue line, left axis: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: Consumer price index, Germany.
Rank correlation (Spearman) of changes at lag 0: 0.18 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). 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 September 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.Consumer price index, Germany
Statistisches Bundesamt (Destatis), GENESIS-Online, series 61111BM001/DG.PREIS1 / New data last retrieved 2 November 2026
Original unit as published: 2020=100
Rent index (new lettings), office, Germany (annual) and Real GDP, Germany
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): 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: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: Real GDP, Germany.
Rank correlation (Spearman) of changes at lag 0: -0.09 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). It does not show that one causes the other, and it is not a forecast.
Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to Q3 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.Real 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.
Rent index (new lettings), office, Germany (annual) and Registered unemployment rate, Germany
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): 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: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: Registered unemployment rate, Germany.
Rank correlation (Spearman) of changes at lag 0: -0.05 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). It does not show that one causes the other, and it is not a forecast.
Source: Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to October 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.Registered 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.
Rent index (new lettings), office, Germany (annual) and Construction price index, office buildings
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): Deutsche Bundesbank revised earlier values; detected 2 November 2026. This chart shows the latest published version.
Blue line, left axis: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: Construction price index, office buildings.
Rank correlation (Spearman) of changes at lag 0: 0.54 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). 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 Q3 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.Construction price index, office buildings
Statistisches Bundesamt (Destatis), GENESIS-Online, series 61261BV001/DG.BAULEISTBW.BPNG1.STEMW1.PRE002 / New data last retrieved 2 November 2026
Original unit as published: 2021=100
Rent index (new lettings), office, Germany (annual) and OECD business confidence, construction (not seasonally adjusted)
National indicator against Germany
Note: Rent index (new lettings), office, Germany (annual): 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: Rent index (new lettings), office, Germany (annual). Ochre line, right axis: OECD business confidence, construction (not seasonally adjusted).
Rank correlation (Spearman) of changes at lag 0: -0.16 (n = 21)
Strongest of 7 lags tested; chosen after looking at the data, so likely overstated.
This shows how two series moved together over 2005 to 2025 (n = 21). It does not show that one causes the other, and it is not a forecast.
Source: OECD / Licence: OECD terms and conditions / Data to May 2026 / own calculation
Series details
Rent index (new lettings), office, Germany (annual)Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G200.P0410.A / New data last retrieved 3 November 2026
Original series as published: Price Indicators (As per the latest publication of the system of indicators for the German commercial real estate market) / Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken) / index for offices, rents for new lettings / Germany / unadjusted figures; unit: 2010=100
Original source as named by the publisher: vdpResearch GmbH.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.OECD business confidence, construction (not seasonally adjusted)
OECD, DBnomics series OECD/DSD_STES@DF_BTS/DEU.M.BCICP.PB.F.Y._Z._Z.N