Germany office and retail property price index, annual
Germany office and retail property price index, annual stood at 88.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sub-aggregate office and retail2 | 88.9 | 87.3 | 90.3 | 100 | 102.3 | 102.9 | 95.4 | 86.2 | 81.9 | 72.5 | |
| Sub-aggregate office | 89.1 | 87.4 | 90.5 | 100 | 101.4 | 101.5 | 91.3 | 79.8 | 74.8 | 63.4 | |
| Sub-aggregate retail | 88.4 | 87 | 89.9 | 100 | 105.3 | 107.7 | 108.8 | 107.1 | 105 | 101.9 |
Understanding germany office and retail property price index, annual
National valuation shifts for traditional non-residential business structures are unified in this combined indicator. It strictly aggregates corporate administrative workspaces and consumer-facing retail properties across all national geographies, from rural districts to prime cities. By deliberately isolating these pure commercial assets, this series structurally differs from the overarching total index because it strips out the multi-family residential investment component, providing a targeted view of the real estate utilized directly by the corporate and retail enterprise sectors.
Observing the annual year-on-year trajectory of this combined metric offers the most reliable view of core business real estate dynamics, smoothing out the uneven pacing of commercial property closures. A primary hazard when analysing this specific row is the internal divergence between its two components; a booming corporate office market can artificially inflate the index even if the high street retail sector is simultaneously contracting. Like all land registry derivatives, the latest published figures remain provisional and are routinely revised in subsequent releases. Changes to the internal weighting mechanism between retail and office subsets can also cause historical breaks.
Frequently asked questions
- Why combine office and retail into a single sub-aggregate?
- Grouping them isolates pure business-use real estate, explicitly separating it from the residential multi-family structures included in the broader commercial total.
- Does this include logistics or warehouse properties?
- No, the series relies exclusively on the defined sub-aggregates of desk-based administrative buildings and consumer-facing retail units.
- How do analysts typically use this specific combination?
- It serves as a broad proxy for corporate physical expansion and commercial leasing demand, stripped of the influence of housing market fundamentals.