Insights

According to Cushman & Wakefield, the Munich office lettings market has started 2026 with stable activity. In the first quarter of 2026, office space take-up totalled 139,200 m², remaining virtually unchanged from the same quarter of the previous year. However, compared with the high-volume fourth quarter of 2025, which saw 158,900 m², transaction activity was lower at the start of the year.

Martin Polifke • 14/04/2026

 The German hotel investment market has made a subdued start to 2026. In the first quarter, transaction volume reached €221 million, around 44 per cent below the previous year’s level (Q1 2025: €395 million). Compared with the five-year average for the respective first quarters (around €319 million), this represents a decline of 31 per cent; compared with the ten-year average (around €576 million), the decline is as much as 62 per cent.

Martin Polifke • 14/04/2026

According to analysis by Cushman & Wakefield, office space take-up in Frankfurt (covering the city of Frankfurt as well as Offenbach-Kaiserlei and Eschborn) from new lettings and owner-occupancy totalled around 67,200 m² in the first quarter of 2026. 

Martin Polifke • 13/04/2026

Cushman & Wakefield recorded a transaction volume of around €1.23 billion in the German healthcare property market in the first quarter of 2026. This represents an increase of around 78 per cent compared with the first quarter of 2025 (Q1 2025: around €690 million) and already exceeds the transaction level of the previous year after just three months.

Martin Polifke • 10/04/2026

The Düsseldorf office market, including Neuss and Ratingen, started 2026 with a take-up of 41,000 m². Despite a slight increase compared with the same quarter last year (+8 per cent), market momentum remains subdued. Compared with the 10-year average, the figure is actually around 46 per cent lower.

Martin Polifke • 10/04/2026

Cushman & Wakefield reports a cautiously stable start to 2026 for the Hamburg office leasing market. Take-up in the first quarter exceeded the 100,000 sq m threshold at around 100,400 sq m, but was approximately 9 percent below the comparable figure for the previous year.

Martin Polifke • 10/04/2026

Despite economic headwinds, the German commercial property investment market continued the upward trend of recent years at the start of 2026 during the first three months of the year. Transaction volume in the first quarter (excluding the residential sector) amounted to €7.55 billion, representing a 23 per cent increase compared with the same period last year (Q1 2025: €6.13 billion). 

Martin Polifke • 09/04/2026