German commercial property prices, supra-regional, annual
German commercial property prices, supra-regional, annual stood at 168.1 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial property price index, total, German cities of supra-regional importance3 | 168.1 | 164.1 | 165.4 | 184.2 | 190.2 | 181.2 | 168.1 | 149.2 | 137.9 | 123.9 | |
| Commercial property price index, office, German cities of supra-regional importance | 141 | 139.5 | 144.9 | 165.8 | 176.1 | 177.9 | 164.5 | 146.3 | 137 | 117.7 | |
| Commercial property price index, retail, German cities of supra-regional importance | 91.4 | 87.7 | 95.1 | 110.4 | 116.7 | 121.2 | 127.5 | 127.4 | 125.1 | 119.8 |
Understanding german commercial property prices, supra-regional, annual
Urban centers classified as possessing supra-regional economic importance define the geographic boundaries of this aggregate valuation measure. The series consolidates pricing data for office buildings, retail environments, and multi-family residential blocks situated exclusively within these major metropolitan hubs. By filtering out smaller municipalities and rural districts, the indicator creates a pure view of the highly liquid commercial real estate sector. The aggregate approach means that shifts in the underlying index may be driven by any of the constituent property classes, necessitating a look at the bespoke sub-indices to understand the exact source of market movement.
Assessing the trajectory of this index involves referencing the 2013=100 baseline, tracking how the highest-tier urban markets diverge from the national average over extended horizons. Since the figures are compiled annually, short-term seasonal market distortions are eliminated, dictating that all comparisons must be conducted on a year-on-year basis. Initial releases are subject to revision as delayed transaction reports from busy urban land registries are gradually integrated into the dataset. Analysts frequently contrast this aggregate measure against the corresponding indicator for areas excluding major cities to determine whether commercial property investment is centralising or dispersing geographically.
Frequently asked questions
- What property types are bundled into this aggregate measure?
- The index combines finalized transaction data for office spaces, retail units, and multi-family houses located within the designated cities.
- How are cities determined to have supra-regional importance?
- The classification is based on standardized structural and economic criteria established by demographic and market research frameworks.
- Does the aggregate index weight property types equally?
- Components are weighted proportionally based on their respective transaction volumes and market stock within the specified urban boundaries.