Germany retail rent index, new lettings
Germany retail rent index, new lettings stood at 100.3 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 2004 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price Indicators | |||||||||||
| Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken), index for retail properties, rents for new lettings | 100.3 | 98.3 | 95.3 | 96.9 | 99.9 | 101.6 | 103.5 | 103.9 | 103.5 | 102.2 | |
| Association of German Pfandbrief Banks (Verband deutscher Pfandbriefbanken), index for multi family houses, rents for new lettings | 166.1 | 160.1 | 151.9 | 142.9 | 136.3 | 132 | 127.9 | 122.3 | 116.9 | 113.1 |
Understanding germany retail rent index, new lettings
The cost of securing physical storefronts for incoming merchants forms the exclusive subject of this Association of German Pfandbrief Banks (vdp) leasing gauge. By discarding data from established, ongoing tenancies, the index captures only the rental rates negotiated at the very front edge of the current retail property market. This approach filters out the stabilizing effect of long-term commercial leases, presenting a highly reactive measure of merchant appetite for physical high-street and shopping center locations. It maintains a strict boundary against capital asset valuations, zeroing in solely on the operational overhead required to lease consumer-facing retail environments.
Evaluating the shifts in storefront leasing dynamics relies on the 2010=100 baseline to calculate long-term deviations in merchant occupancy costs. The dataset is compiled annually, masking the traditional holiday-driven peaks of the retail calendar and confirming year-on-year comparison as the definitive analytical method. Routine data revisions are to be expected as newly signed, complex commercial retail leases are subsequently registered and verified by the contributing mortgage banks. Because it is unburdened by legacy contracts, this new-lettings metric frequently diverges from broader retail pricing gauges, offering a pure reflection of immediate landlord pricing power in the contemporary commercial environment.
Frequently asked questions
- Does this gauge include turnover-based rental agreements?
- The index standardizes lease data to reflect fixed base rents, filtering out the variable components tied directly to merchant sales.
- Are long-standing tenants protected by legacy leases reflected here?
- Existing contracts are entirely omitted, ensuring the index only captures the current market rates demanded for newly vacated retail spaces.
- How are promotional rent-free periods handled in the data?
- The methodology typically standardizes the effective rent across the lease term, accounting for initial landlord incentives and promotional discounts.