Germany commercial property index, urban areas, quarterly
Germany commercial property index, urban areas, quarterly stood at 91.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total, RegioStaR Gem5: Urban area3 | 91.8 | 93.3 | 94 | 93.9 | 93.4 | 93.1 | 92.2 | 91.2 | 90.8 | 89.7 | |
| Sub-aggregate office, RegioStaR Gem5: Urban area | 90.5 | 91.9 | 92.8 | 91.9 | 90.8 | 90.9 | 90.1 | 89.5 | 89.3 | 87.6 | |
| Sub-aggregate retail, RegioStaR Gem5: Urban area | 86.9 | 87.5 | 87.1 | 88.1 | 88.5 | 88.9 | 88.4 | 88.3 | 88.4 | 87.9 |
Understanding germany commercial property index, urban areas, quarterly
Transaction prices for non-residential real estate across all municipalities classified as urban areas under the RegioStaR Gem5 framework form the basis of this indicator. The aggregate encompasses office blocks, retail units, and other commercial structures situated within dense settlement structures, separating these markets from less populated rural classifications. Unlike metrics limited strictly to prime cities or localized administrative hubs, this broader urban measure captures the full spectrum of commercial assets traded across metropolitan footprints and their immediately integrated peripheries. It filters out residential building transactions and explicitly excludes properties located in designated rural municipalities, maintaining a strict focus on the commercial asset valuations within wider urbanized zones.
When analyzing this aggregate, year-on-year comparisons offer a more reliable gauge of underlying market conditions than quarterly shifts, smoothing out seasonal fluctuations in closing patterns. The broader geographic scope means the index aggregates diverse local markets, masking localized micro-market variations beneath the composite urban average. Early figures frequently undergo revisions when backlogged property transfer records are finalized by municipal land registries and incorporated into the database. Long-term comparative analysis must account for methodological updates to the RegioStaR classification matrix, which periodically reassigns municipal boundaries between urban and rural designations based on evolving settlement densities.
Frequently asked questions
- Are commercial properties in rural municipalities included in this aggregate?
- The dataset completely excludes any property transactions occurring outside the designated RegioStaR Gem5 urban area classifications.
- Does the index track the cost of commercial construction?
- The metric relies solely on final transaction prices of existing and newly built properties rather than the input costs of raw construction materials or labor.
- How are mixed-use buildings treated within the urban area calculation?
- Structures must have a primarily commercial function to be included, while buildings dominated by residential floor space are categorized entirely elsewhere.