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Office Market Hamburg — Figures Compared by Source

What 9 research houses currently report on the office market in Hamburg — rents, yields, vacancy and investment volume side by side, rather than scattered across separate reports. Where the figures disagree it is usually a matter of differing definitions, so they are shown per source and never averaged.

Rents — Office, Hamburg

SourceTypeValuePeriodQuoted from report
BNP Paribas RE MarktberichtePrime39 EUR/m²/monthH1 2026Hamburg (39,00 €/m²)
Colliers International DEPrime38 EUR/m²/monthH1 2026Prime Rent in €/m² Hamburg 38.00
C&W DE InsightsPrime37.5 EUR/m²/monthQ2 2026Hamburg ranked fifth among the Top Five markets but recorded the second-highest annual increase at 4.2%, bringing prime rents to €37.50 per sq m
Grossmann & Berger MarktberichtePrime37 EUR/m²/monthQ1 2026Spitzenmiete: 37,00 €/m²/Monat
German Property PartnersPrime37 EUR/m²/monthQ2 2026Spitzenmiete: 37,00 €/m²/Monat
C&W Office MarketBeat GermanyPrime37 EUR/m²/monthQ1 2026prime rent remained stable quarter-on-quarter at €37.00/m²/month
Angermann PublikationenPrime37 EUR/m²/monthH1 2026Spitzenmiete 37,00 €/m²
Angermann PublikationenAverage22.8 EUR/m²/monthH1 2026Durchschnittsmiete 22,80 €/m²
C&W DE InsightsAverage22.1 EUR/m²/monthQ2 2026The weighted average rent remained largely unchanged compared with the previous quarter, increasing by only 0.5% to €22.10 per sq m per month.
Colliers International DEAverage22 EUR/m²/monthH1 2026Average Rent €22.00 /m²
Grossmann & Berger MarktberichteAverage21.9 EUR/m²/monthQ1 2026Durchschnittsmiete: 21,90 €/m²/Monat
C&W Office MarketBeat GermanyAverage21.85 EUR/m²/monthQ1 2026weighted average rent across all transactions recorded over the past twelve months declined to €21.85/m²/month
German Property PartnersAverage21.8 EUR/m²/monthQ2 2026Durchschnittsmiete: 21,80 €/m²/Monat

Range across all sources: 21.8 to 39 EUR/m²/month. The gap is mostly a matter of differing definitions (Average, Prime), so these values are not directly comparable.

Yields — Office, Hamburg

SourceTypeValuePeriodQuoted from report
BNP Paribas RE MarktberichteNet initial4.35 %H1 2026Hamburg (4,35 %; +10bp)
German Property PartnersNet initial4.5 %Q2 2026Netto-Spitzenrendite Bürohäuser: 4,5 %
German Property PartnersPrime4.5 %Q4 2025Hamburg (4,50 %)
Grossmann & Berger MarktberichteNet initial4.5 %H1 2026Netto-Spitzenrendite Bürohäuser: 4,5 %
Colliers International DEPrime4.6 %Q1 2026Office prime yields remained steady at 4.60%, down 20 bps yoy
C&W MarketBeat GermanyPrime4.65 %Q1 2026Office Prime Yield
CBRE DeutschlandNet initial4.7 %Q1 2026die Bürospitzenrendite im CBD im Vorjahresvergleich leicht auf 4,70 % komprimierte
Colliers International DEGross4.7 %Q2 2026Prime Yield (Gross) Offices Hamburg 4.70 %
C&W Office MarketBeat GermanyPrime4.8 %Q1 2026Hamburg 4.80 Prime Yield in MARKET STATISTICS table

Range across all sources: 4.35 to 4.8 %. The gap is mostly a matter of differing definitions (Gross, Net initial, Prime), so these values are not directly comparable.

Vacancy — Office, Hamburg

SourceTypeValuePeriodQuoted from report
Colliers International DE—6.2 %H1 2026Vacancy Rate in % Hamburg 6.2
Angermann Publikationen—6.4 %H1 2026921.000 m² Leerstand, 6,4 %
BNP Paribas RE Marktberichte—6.5 %H1 2026Hamburg (6,5 %)
C&W Office MarketBeat Germany—6.6 %Q1 2026The vacancy rate recently stood at 6.6%
C&W DE Insights—7 %H1 2026The vacancy rate stood at 7.0% at the end of June, 40 basis points above the previous quarter and 90 basis points higher than a year earlier.
Grossmann & Berger Marktberichte—7.1 %Q1 2026Leerstandsquote: 7,1 %
German Property Partners—7.2 %Q2 2026Leerstandsquote: 7,2 %

Range across all sources: 6.2 to 7.2 %.

Investment Volume — Office, Hamburg

SourceTypeValuePeriodQuoted from report
Grossmann & Berger Marktberichte—1.9 EUR bnFY 2025Transaktionsvolumen: 1,9 Mrd. € (-14 % ggü. Vorjahr)
German Property Partners—1.9 EUR bnFY 2025Hamburg (1,9 Mrd. €)
BNP Paribas RE Marktberichte—0.72 EUR bnFY 2025Hamburg mit 717 Mio. €

Range across all sources: 0.72 to 1.9 EUR bn.

Transactions — Office, Hamburg

SourceTypeValuePeriodQuoted from report
German Property Partners—100 EUR mnFY 2025Käufer: Gold Tree Group, Verkäufer: Nuveen Real Estate, > 100 Mio. €
Grossmann & Berger Marktberichte—80 EUR mnFY 2025> 80 Mio. €

Range across all sources: 80 to 100 EUR mn.

Underlying market reports

Every figure on this page comes from one of the published market reports below, and is shown with the sentence it was taken from.

Other markets

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AI-generated: figures extracted automatically from the source reports and not manually verified. Each value shows its original quote.