Germany office property prices, urban areas
Germany office property prices, urban areas stood at 90.5 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 area | 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 office property prices, urban areas
Mapping the capital exchange values of professional and administrative workspaces, this specific series is restricted entirely to defined urban areas. Operating as a specialized sub-aggregate of the broader commercial property dataset, it actively filters out retail properties and multi-family residential structures to maintain an uncompromised view of the office sector. This geographic designation captures the corporate real estate dynamics of densely populated and heavily developed regions, setting it structurally apart from the localized business premises found in village environments. The data is constructed from the finalized market prices of physical office buildings trading hands between commercial investors.
To accurately interpret the trajectory of urban office valuations, analysts should rely on annual percentage comparisons, which successfully smooth out the inherent lumpiness of large-scale commercial property transactions. Sequential quarter-on-quarter reads are notoriously unstable, heavily influenced by whether premium central business district towers or older suburban business parks dominate the transaction mix in a given three-month period. Successive releases frequently feature revisions to previous quarters as delayed notary records are systematically incorporated. A common analytical trap is assuming these capital values move in perfect lockstep with urban employment rates, as modern space-utilization trends and remote working arrangements can heavily distort the traditional relationship between headcount and real estate demand.
Frequently asked questions
- Are medical offices and clinics captured in this sub-aggregate?
- Standard commercial office spaces leased to medical professionals are included, though highly specialized hospital facilities are generally excluded.
- Does the data differentiate between prime and secondary office locations within the urban area?
- No, the index aggregates all qualifying office transactions across the entire urban area into a single unified metric.
- Are transaction taxes deducted from the recorded prices?
- The figures are based on the headline purchase price agreed between buyer and seller, before external transaction taxes are applied.