Germany office property price index, major cities
Germany office property price index, major cities stood at 141 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial property price index, total, German cities of supra-regional importance | 168.1 | 164.1 | 165.4 | 184.2 | 190.2 | 181.2 | 168.1 | 149.2 | 137.9 | 123.9 | |
| Commercial property price index, office, German cities of supra-regional importance | 141 | 139.5 | 144.9 | 165.8 | 176.1 | 177.9 | 164.5 | 146.3 | 137 | 117.7 | |
| Commercial property price index, retail, German cities of supra-regional importance | 91.4 | 87.7 | 95.1 | 110.4 | 116.7 | 121.2 | 127.5 | 127.4 | 125.1 | 119.8 |
Understanding germany office property price index, major cities
Administrative workspaces and corporate headquarters situated inside designated major metropolitan centers dictate the valuation mechanics of this specific index. By isolating office buildings from the broader commercial real estate basket, the metric tracks the capital requirements for securing corporate footprint in the country's most prominent economic hubs. The geographical restriction to supra-regional cities excludes provincial business parks, ensuring the dataset purely reflects the dynamics of premium urban office markets. Transactions captured include both standalone towers and strata-titled corporate suites, provided the primary designated utility of the floorspace remains administrative rather than commercial retail or industrial.
Evaluating the shifts in urban office valuations requires measuring against the fixed 2013=100 reference standard. The annual frequency of the releases inherently smooths out the quarterly volatility typical in commercial leasing, leaving year-on-year calculations as the sole appropriate method for identifying structural market shifts. Users must account for structural revisions to early estimates, a common occurrence given the complex, protracted nature of negotiating and notarizing large-scale urban office block transactions. Furthermore, this asset-focused capital metric should be distinguished from rental indicators, as transaction prices evaluate the physical asset itself regardless of ongoing leasing arrangements.
Frequently asked questions
- Are suburban business parks captured by this office price metric?
- Only office transactions occurring strictly within the administrative boundaries of cities with recognized supra-regional status are included.
- Does the index measure the cost to lease office space?
- The series tracks the capital purchase price of physical office assets, leaving leasing costs to separate rent-focused indicators.
- Are transactions involving mixed office-retail complexes included?
- Buildings are generally categorized by their primary usage, meaning predominantly administrative structures are captured here despite minor retail footprints.