Germany office property price index, regional cities
Germany office property price index, regional cities stood at 95.5 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: Cities of regional importance | 94.4 | 92.8 | 94 | 100 | 99.4 | 94.7 | 84.3 | 74.8 | 68.3 | 61.4 | |
| Sub-aggregate office, RegioStaR Gem5: Cities of regional importance | 95.5 | 93.3 | 94.5 | 100 | 101.5 | 102.3 | 89.3 | 76.4 | 69.3 | 58.2 | |
| Sub-aggregate retail, RegioStaR Gem5: Cities of regional importance | 87.8 | 87 | 88.3 | 100 | 106.1 | 111.7 | 112.8 | 107.2 | 99.8 | 96.5 |
Understanding germany office property price index, regional cities
Tracing the capital valuation of corporate workspaces in secondary municipal markets is the sole function of this specific sub-aggregate. The calculations are confined entirely to cities of regional importance under the RegioStaR Gem5 taxonomy, filtering out any data originating from dominant supra-regional hubs or smaller local towns. Within this geographic constraint, the metric further restricts its scope to office properties, deliberately ignoring the retail establishments and multi-family tenements that constitute the remainder of the commercial property index. This rigorous filtering provides a pure indicator of the cost of acquiring administrative and corporate real estate outside of the nation's primary economic capitals.
Long-term observation of this metric requires aligning consecutive annual data points, neutralizing the erratic timing inherent to corporate real estate transactions in mid-sized cities. Initial publications are routinely subject to retroactive corrections as complex, multi-party office building acquisitions are slowly processed through municipal registries. A significant analytical hazard lies in comparing these regional office valuations directly against prime-tier corporate property indices without accounting for the structural differences in tenant demand and liquidity between the two geographic classifications. When executing multi-decade historical reviews, users must diligently check for rebasing events, as the Bundesbank periodically updates the reference year, which can misalign raw index comparisons if unadjusted.
Frequently asked questions
- Are co-working spaces and serviced offices captured in this sub-aggregate?
- The metric tracks the overall capital transaction of the office building, regardless of whether the interior is configured for traditional leasing or flexible co-working models.
- How are mixed-use properties with minor office components handled?
- Properties are generally classified according to their dominant economic function, meaning buildings with only incidental office space might be categorized elsewhere.
- Do fluctuations in municipal business taxes affect this index?
- While tax policies may influence buyer behavior and transaction prices, the index purely records the final capital acquisition costs without separating out tax impacts.