Market at a glance
The German office leasing markets recovered significantly but remained below pre-crisis levels in the second year of the pandemic. Office take-up in the country’s top 7 markets came to over 3.1 million sqm in 2021, marking a 22% yoy increase but falling 9% short of the 10-year average. Although the largest office markets were characterized by mixed trends at the end of H1, take-up was up yoy in all top 7 cities by year-end. Sentiment on the leasing markets brightened increasingly over the course of the year. The summer’s favorable trend remained intact at year-end with the markets posting another increase in take-up.
