German supra-regional retail property index, quarterly
German supra-regional retail property index, quarterly stood at 83.4 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 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 | |
| Sub-aggregate multi family houses, RegioStaR Gem5: Cities of supra-regional importance | 98.4 | 98.3 | 97.5 | 97.2 | 96.4 | 96.4 | 95.6 | 94.1 | 93.1 | 92.8 |
Understanding german supra-regional retail property index, quarterly
Capturing the transaction values of shopping spaces and high-street storefronts strictly within Germany's top-tier metropolitan hubs, this specific RegioStaR Gem5 sub-aggregate isolates retail-oriented real estate. Unlike the broader aggregate commercial gauge or the office segment for these major centers, it explicitly excludes standalone residential units and corporate workspaces. The focus remains locked on physical commerce locations situated in cities of supra-regional importance, ignoring similar properties in smaller municipalities or rural areas. By isolating this precise intersection of property class and geographic tier, the metric provides a targeted view of the retail landscape in the most prominent economic nodes, stripping away the influence of provincial strip malls.
Analysts evaluating this quarterly index should prioritize year-on-year changes to account for the uneven timing of large commercial real estate deals. Quarter-on-quarter movements can be volatile due to a low number of high-value transactions finalizing in a single period. Initial releases are subject to revision as late-registered property transfers are steadily incorporated into the dataset. A common pitfall is directly contrasting these figures with consumer inflation, as capital values for commercial assets respond to yield expectations and lease terms rather than immediate retail price pressures. Furthermore, structural shifts toward e-commerce can alter the underlying composition of the asset class, complicating long-term historical comparisons.
Frequently asked questions
- Does this index include distribution centers used by online retailers?
- No, it strictly covers physical retail property spaces rather than logistics or warehouse facilities.
- Are rental yields factored into these index figures?
- The series tracks capital values of the properties rather than the rental income generated by them.
- How are cities classified as having supra-regional importance?
- The classification follows the established RegioStaR Gem5 methodology, which categorizes municipalities based on their administrative and economic centrality.