German commercial property index, regional cities, annual
German commercial property index, regional cities, annual stood at 94.4 in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Property market (annual) table (Value · Annual), with a complete series running from 2013 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Property market (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Cities of regional importance3 | 94.4 | 92.8 | 94 | 100 | 99.4 | 94.7 | 84.3 | 74.8 | 68.3 | 61.4 | |
| Sub-aggregate office, RegioStaR Gem5: Cities of regional importance | 95.5 | 93.3 | 94.5 | 100 | 101.5 | 102.3 | 89.3 | 76.4 | 69.3 | 58.2 | |
| Sub-aggregate retail, RegioStaR Gem5: Cities of regional importance | 87.8 | 87 | 88.3 | 100 | 106.1 | 111.7 | 112.8 | 107.2 | 99.8 | 96.5 |
Understanding german commercial property index, regional cities, annual
Aggregated transaction records for investment properties located in mid-tier urban centers form the foundation of this composite metric. Sourced from the Bundesbank, the index blends the acquisition costs of office spaces, retail properties, and multi-family housing blocks strictly within RegioStaR Gem5 cities of regional importance. This geographic boundary isolates secondary real estate markets from both the prime metropolitan hubs and the smaller local municipalities. By compiling these diverse asset classes together, the series offers a panoramic view of commercial and institutional real estate valuations in secondary cities, distinguishing itself from isolated sub-aggregates that track only specific property types.
Evaluating the shifts in this index demands a year-over-year analytical approach, as the volume of commercial property sales in secondary cities is insufficient to model intra-year dynamics reliably. The published figures often undergo subsequent modifications to integrate complex commercial real estate transactions that clear the legal registry after the preliminary estimation phase. Researchers must avoid the pitfall of directly substituting this composite regional measure for localized retail or office metrics, as activity in multi-family tenement sales can easily obscure the underlying reality in corporate workspaces. Furthermore, structural adjustments to the index's base year necessitate careful timeline synchronization when plotting these figures against broader national commercial benchmarks to prevent mathematical artifacts.
Frequently asked questions
- Does the aggregate include industrial manufacturing sites?
- The commercial property index focuses primarily on office, retail, and multi-family residential assets, excluding heavy industrial and manufacturing plants.
- Can this data isolate the performance of newly constructed buildings?
- The index aggregates transactions across the entire secondary market, blending newly built commercial properties with the existing building stock.
- Why compare annual figures instead of quarterly estimates?
- The dataset is only published on an annual basis, reflecting the slower turnover rate of commercial assets in regional cities compared to standard residential markets.