In view of the currently tight vacancy situation, the Cologne office leasing market posted a good takeup result in 2018, although just short of 2017’s result. Takeup of roughly 260,000 sqm appears realistic for 2019, as the supply of stock properties is bound to decrease further and focus will increasingly shift to newbuilds. Both prime rent and weighted average rent are likely to increase further as a result.
The Cologne investment market generated an excellent transaction volume in 2018, boosted by several major deals. As expected, however, 2018 fell just shy of 2017’s record results. Investors buyside came from a variety of sectors and countries, emphasizing Cologne’s impressive international presence.