Germany commercial property index, excluding supra-regional
Germany commercial property index, excluding supra-regional stood at 168.3 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, Germany excluding cities of supra-regional importance3 | 168.3 | 168.8 | 169.7 | 169.2 | 167.7 | 166.8 | 165.8 | 164.7 | 164 | 164 | |
| Commercial property price index, office, Germany excluding cities of supra-regional importance | 199.5 | 201.9 | 204.5 | 203.6 | 200.5 | 200.1 | 197.5 | 197.5 | 196.6 | 197.1 | |
| Commercial property price index, retail, Germany excluding cities of supra-regional importance | 98.5 | 99 | 99 | 99.3 | 99.2 | 99.5 | 99.5 | 98.4 | 98.2 | 97.8 |
Understanding germany commercial property index, excluding supra-regional
By deliberately stripping away the influence of dominant metropolitan hubs, this aggregate index measures the valuation of commercial real estate across the broader provincial and secondary markets. It encompasses all commercial asset types—offices, retail, and multi-family housing—but entirely excludes transactions finalized in cities of supra-regional importance. This exclusion acts as the mathematical mirror to the prime city aggregate, offering a pure reflection of property dynamics in smaller urban centers, towns, and rural districts. It provides a generalized baseline for non-premium commercial assets, highlighting economic realities outside the gravitational pull of the primary financial centers.
Evaluating this broad provincial indicator sequentially can provide insight into regional economic shifts, though year-on-year comparisons remain the most robust method for bypassing seasonal transaction lulls. Because the individual properties in these secondary markets carry lower valuations than their prime city counterparts, the index is less vulnerable to being skewed by single landmark transactions, often resulting in a smoother trend line. Rebasing adjustments will shift the numerical baseline of the index without altering the historical growth pattern of these regional assets. Contrasting this trajectory with the prime supra-regional aggregate exposes the widening or narrowing valuation gap between the metropolitan core and the national periphery.
Frequently asked questions
- What exactly does 'excluding supra-regional' mean for this dataset?
- It means the data actively removes all commercial property transactions occurring in the country's dominant, top-tier metropolitan centers to focus on the rest of the nation.
- Are all types of commercial property included in these secondary markets?
- Yes, it is a composite aggregate blending office, retail, and multi-family commercial housing outside the prime cities.
- Is this index generally smoother than the prime city equivalent?
- Yes, a higher volume of smaller transactions across widespread regional markets tends to produce less quarterly volatility than rare, massive deals in prime hubs.