German commercial property index, supra-regional, quarterly
German commercial property index, supra-regional, quarterly stood at 91.6 in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Property market (quarterly) table (Value · Quarterly), with a complete series running from Q1 2013 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Property market (quarterly) table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Cities of supra-regional importance3 | 91.6 | 92.1 | 91.7 | 91.4 | 91.1 | 90.9 | 90.2 | 89 | 88.4 | 88.6 | |
| Sub-aggregate office, RegioStaR Gem5: Cities of supra-regional importance | 83.6 | 85 | 84.8 | 84.8 | 85.2 | 85.2 | 84.5 | 83.7 | 83.7 | 84.4 | |
| Sub-aggregate retail, RegioStaR Gem5: Cities of supra-regional importance | 83.4 | 84.2 | 84.8 | 83.3 | 82.4 | 80.5 | 80.3 | 79.2 | 78.7 | 79.7 |
Understanding german commercial property index, supra-regional, quarterly
Restricting its coverage to the most economically significant metropolitan hubs, this index tracks the combined pricing dynamics of prime business real estate. The aggregate encompasses both office buildings and retail spaces situated strictly within these top-tier urban boundaries, providing a stark contrast to broader national averages or secondary regional indices. By filtering the dataset to include only those locations classified as having supra-regional importance, the series perfectly isolates the specific market segment most heavily targeted by international institutional capital and major corporate headquarters.
Interpreting this specialized urban aggregate requires acknowledging that prime commercial real estate markets typically lead the broader national property cycle, reacting earlier and more aggressively to changing macroeconomic conditions. While quarter-on-quarter changes can highlight sudden shifts in investor sentiment, they are highly sensitive to a handful of extremely high-value transactions, making year-on-year evaluations the preferred method for assessing true underlying trends. Analysts must exercise caution when comparing these specific valuations against general domestic inflation measures, as prime property pricing responds primarily to global credit availability rather than local consumer price pressures. Furthermore, users should expect routine backward revisions to the latest quarters as complex municipal transaction deeds are finalized.
Frequently asked questions
- Does this aggregate include suburban office parks or rural retail centers?
- The geographical scope is strictly limited to cities officially classified as having supra-regional importance. Any commercial real estate located outside these premier metropolitan boundaries falls entirely outside the index.
- Can I use this series to measure residential housing costs in major cities?
- No, the data applies exclusively to commercial property transactions, specifically blending office and retail spaces. Residential real estate pricing is monitored through an entirely different set of indicators.
- Why might early releases of this urban property index undergo revisions?
- Compiling valuations for prime commercial real estate relies on official land registry records, which often experience processing delays. As late-arriving transaction deeds are finally logged, the central statistical office updates the historical index levels accordingly.