Germany commercial property index, urban areas, annual
Germany commercial property index, urban areas, annual stood at 93.6 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Urban area3 | 93.6 | 91 | 91.4 | 100 | 96.6 | 92.5 | 83.6 | 75.5 | 73.4 | 65.3 | |
| Sub-aggregate office, RegioStaR Gem5: Urban area | 91.6 | 89.1 | 90.7 | 100 | 95.7 | 96.8 | 85.4 | 72.8 | 70.6 | 55.8 | |
| Sub-aggregate retail, RegioStaR Gem5: Urban area | 88.2 | 88.3 | 89.6 | 100 | 102 | 100.3 | 99 | 99.2 | 101 | 98.5 |
Understanding germany commercial property index, urban areas, annual
Broad valuation trends across all non-residential and investment real estate within the RegioStaR Gem5 definition of an urban area form the foundation of this total index. It encompasses a diverse portfolio of assets, pooling transaction data for offices, retail units, and commercial multi-family housing blocks situated in these zones. By targeting urban areas rather than specific local cities or village districts, the metric captures the combined capital pricing behavior of the agglomerated property market. It stands as the top-level aggregate for these geographic boundaries, consolidating the varied commercial sub-sectors into a single benchmark before any detailed property-type breakdowns are applied.
When analyzing this total urban metric, year-on-year comparisons of the index level remain the established approach for identifying broad valuation movements, as the annual compilation inherently bypasses quarterly seasonality. The index is prone to subsequent adjustments because local transaction registries often experience delays in reporting finalized commercial sales to the Bundesbank. Users should be aware that the index trajectory reflects a blend of distinct property types; consequently, a stagnation in the aggregated figure could mask offsetting movements, such as rising multi-family housing values canceling out declining retail space prices. Periodic updates to the base year require proper mathematical linking to maintain a continuous historical comparison.
Frequently asked questions
- What property types are bundled into this urban area aggregate?
- The series aggregates data from retail properties, administrative office spaces, and commercially operated multi-family houses.
- Are rural commercial transactions reflected in this specific index?
- Transactions outside the designated urban area boundaries are excluded, as those fall under separate geographic aggregates like village areas.
- Can I use this index to measure monthly property price changes?
- No, the underlying calculations are compiled and released strictly on an annual schedule.