German commercial real estate statisticsDeutsch

Office

One national chart per KPI where a source has it; each chart opens the full KPI page.

Commercial property price index

Commercial property price index, office, Germany (annual)

169.1 index, 2013=100 2025 +2% on 2024

100120140160180index, 2013=1002014201620182020202220242013: 100.02014: 102.52015: 108.02016: 120.32017: 141.92018: 151.42019: 173.22020: 192.62021: 192.42022: 189.82023: 171.72024: 165.82025: 169.1169.1100150index, 2013=1002014201620182020202220242013: 100.02014: 102.52015: 108.02016: 120.32017: 141.92018: 151.42019: 173.22020: 192.62021: 192.42022: 189.82023: 171.72024: 165.82025: 169.1169.1
Source: vdpResearch GmbH, published by Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to 2025
Series detailsCommercial property price index, office, Germany (annual)
Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B10.N.G000.P0102.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) / Commercial property price index / office / Germany / unadjusted figures; unit: 2013=100
Original source as named by the publisher: vdpResearch GmbH and Bundesbank calculations.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.

Rent index (new lettings)

Rent index (new lettings), office, Germany (annual)

142.5 index 2025 +3.3% on 2024

100110120130140index200420062008201020122014201620182020202220242004: 98.32005: 97.52006: 98.92007: 100.72008: 101.32009: 98.12010: 100.02011: 100.22012: 103.62013: 100.02014: 101.42015: 102.12016: 105.32017: 108.72018: 114.72019: 122.32020: 126.12021: 125.32022: 129.92023: 134.72024: 137.92025: 142.5142.5100120140index200520102015202020252004: 98.32005: 97.52006: 98.92007: 100.72008: 101.32009: 98.12010: 100.02011: 100.22012: 103.62013: 100.02014: 101.42015: 102.12016: 105.32017: 108.72018: 114.72019: 122.32020: 126.12021: 125.32022: 129.92023: 134.72024: 137.92025: 142.5142.5
Source: vdpResearch GmbH, published by Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to 2025
Series detailsRent 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.

Initial yield

Not available: no Open source for office yields on their own; the source reports office and retail combined (see Commercial overall)

Office vacancy rate

Office vacancy rate, 7 major cities

8.4% 2025 +1.2 points on 2024

46810%19952000200520102015202020251995: 5.51996: 6.11997: 6.21998: 5.61999: 4.82000: 3.42001: 3.52002: 6.52003: 9.32004: 10.62005: 10.42006: 9.92007: 9.12008: 8.82009: 9.52010: 10.12011: 9.02012: 8.02013: 7.62014: 6.82015: 5.82016: 5.12017: 4.12018: 3.42019: 2.92020: 3.52021: 4.52022: 4.72023: 5.62024: 7.22025: 8.48.446810%2000201020201995: 5.51996: 6.11997: 6.21998: 5.61999: 4.82000: 3.42001: 3.52002: 6.52003: 9.32004: 10.62005: 10.42006: 9.92007: 9.12008: 8.82009: 9.52010: 10.12011: 9.02012: 8.02013: 7.62014: 6.82015: 5.82016: 5.12017: 4.12018: 3.42019: 2.92020: 3.52021: 4.52022: 4.72023: 5.62024: 7.22025: 8.48.4
Source: bulwiengesa AG, published by Deutsche Bundesbank / Licence: Deutsche Bundesbank terms of use / Data to 2025
Series detailsOffice vacancy rate, 7 major cities
Deutsche Bundesbank, SDMX Web Service, series BBDZ1.A.B30.N.G850.R1010.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) / bulwiengesa AG commercial property price index / offices - vacancy rate / 7 major cities (A cities) - Bundesbank calculations / unadjusted figures; unit: Prozent
Original source as named by the publisher: Bundesbank calculations based on price data provided by bulwiengesa AG.
Original statistics and metadata used unmodified, under the ESCB Terms of Use for the Reuse of Statistics.

Transaction volume index

Not available: no Open source for office transaction volumes; the source covers all commercial property

Construction (permits, completions)

Building permits: office and administrative buildings, Germany

2.62 million m² floor space 2025 -13.6% on 2024

345million m² floor space2008201020122014201620182020202220242008: 3.652009: 3.372010: 2.22011: 2.862012: 2.972013: 3.182014: 2.872015: 2.952016: 3.522017: 3.712018: 4.272019: 4.672020: 4.572021: 5.152022: 4.172023: 3.332024: 3.032025: 2.622.62345million m² floor space20102015202020252008: 3.652009: 3.372010: 2.22011: 2.862012: 2.972013: 3.182014: 2.872015: 2.952016: 3.522017: 3.712018: 4.272019: 4.672020: 4.572021: 5.152022: 4.172023: 3.332024: 3.032025: 2.622.62
Source: Statistisches Bundesamt (Destatis) / Licence: Datenlizenz Deutschland – Namensnennung – 2.0 / Data to 2025 / own calculation
Series detailsBuilding 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 qm

Which KPI and Segment combinations exist, and why the others do not