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Hamburg: Office Leasing | Investment Q3 2021

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Market at a glance

Office Leasing

The Hamburg office leasing market finished out Q3 with 363,900 sqm in take-up, up 51% yoy. As such, take-up has already exceeded 2020 results and is now in line with the 10-year average. Q3 saw 150,900 sqm in take-up, the best result since Q2 2019 and a clear indication of a noticeable upturn. Large-scale deals for over 5,000 sqm accounted for one third of total take-up results.

Investment

The Hamburg investment market picked up momentum in Q3, bringing in €2.2bn in transaction volume. Although Q3 results were down 36% from Q3 2021’s strong results and 14% below the 10-year average, they do point to an anticipated upward trend and noticeable market recovery.


Hamburg

Hamburg: Office Leasing | Investment Q3 2021

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Related Experts

Simon Gstalter

Senior Consultant

Hamburg

Simon joined Colliers in Hamburg in August 2019 as a Senior Research Consultant.

Since May 2022 he is working for the Residential Capital  Markets Team in Hamburg.

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