German supra-regional office property index, quarterly
German supra-regional office property index, quarterly stood at 83.6 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 importance | 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 supra-regional office property index, quarterly
Drilling down into the prime geographic aggregate, this specific sub-index isolates the valuation of administrative structures and corporate workspaces within cities of supra-regional importance. It discards the retail and multi-family components of the broader RegioStaR Gem5 classification to focus purely on the white-collar built environment. The dataset captures the pricing dynamics of central business district towers, premium corporate campuses, and major administrative hubs located strictly within the most vital economic centers. It serves as the definitive benchmark for domestic and international capital targeting top-tier corporate real estate.
Formatted as a quarterly index, its statistical behavior is dictated by the mechanics of prime commercial investment. Prime office buildings are massive, illiquid assets that trade rarely, meaning the index heavily incorporates appraisal-based valuation models alongside hard transaction data. This structural reliance on appraisals introduces a pronounced lag during market shifts. A sudden freeze in debt markets will not immediately register in the index; instead, the index will adjust on a delayed schedule over several quarters as appraisers recalibrate their capitalization rates. Sequential quarter-on-quarter analysis is therefore largely unhelpful; analysts rely on year-on-year calculations and closely monitor the widening gap between asking prices and final transaction bids.
Frequently asked questions
- Are suburban business parks included in this measurement?
- If the business park falls within the official boundaries of a city classified as supra-regionally important, it is absorbed into the data.
- How does this differ from the new lettings index?
- This metric tracks the capital value of the physical building itself, whereas the lettings indices measure the rental income generated by the tenants.
- Why do appraisal models cause a delay in the index movement?
- Appraisers rely on comparable historical sales to justify valuations, meaning a frozen market forces them to rely temporarily on outdated reference prices.