German commercial property prices, supra-regional, quarterly
German commercial property prices, supra-regional, quarterly stood at 168.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial property price index, total, German cities of supra-regional importance3 | 168.8 | 169.8 | 169 | 168.5 | 167.9 | 167.6 | 166.3 | 164.1 | 162.9 | 163.3 | |
| Commercial property price index, office, German cities of supra-regional importance | 138.7 | 141 | 140.7 | 140.7 | 141.4 | 141.4 | 140.2 | 138.9 | 138.9 | 140 | |
| Commercial property price index, retail, German cities of supra-regional importance | 92.1 | 93 | 93.6 | 92 | 91 | 88.9 | 88.7 | 87.4 | 86.9 | 88 |
Understanding german commercial property prices, supra-regional, quarterly
Focusing exclusively on the nation's most economically significant urban hubs, this aggregate index tracks commercial property valuations within cities of supra-regional importance. It combines all commercial asset classes—offices, retail units, and multi-family housing—into a single composite metric, but rigorously filters out any transactions occurring in secondary, provincial, or rural markets. By locking its geographical perimeter to dominant metropolitan centers, it offers a stark contrast to the nationwide total index and acts as the inverse to the series covering the rest of the country. This dataset highlights the pricing power concentrated in primary economic nodes.
Analysts tracking prime commercial real estate favor year-on-year percentage evaluations, as top-tier metropolitan assets are often traded infrequently, making quarter-on-quarter index movements particularly volatile. Transactions in these supra-regional cities frequently involve massive institutional capital, meaning a single quarter's data might be heavily skewed by a handful of landmark deals before subsequent revisions smooth the curve. When rebasing occurs, the nominal index level changes, but the historical pricing dynamics of these premium locations remain intact. Comparing this metric against the aggregate that excludes these cities reveals the valuation gap between prime urban centers and the broader domestic market.
Frequently asked questions
- What defines a city of 'supra-regional importance' in this context?
- These are primary metropolitan centers that exert significant economic, financial, and demographic influence far beyond their immediate local boundaries.
- Does this series break down the specific property types?
- This is the total aggregate for these prime cities; separate sibling rows isolate the office, retail, and multi-family components within them.
- Why might preliminary data for these prime cities be volatile?
- The high financial value and low frequency of prime commercial transactions mean a few delayed landmark deals can significantly alter initial estimates.