Office Market Düsseldorf Q4 2024 - Report

Düsseldorf's office market recorded take-up of approximately 220,000 sqm in 2024, representing a 21% decline from 2023 due to slow economic recovery, though small spaces up to 2,000 sqm increased by 3% while large contracts exceeding 2,000 sqm fell 49%. Prime rents reached €43.50 per sqm (up 9% year-over-year) and average rents stood at €18.90 per sqm, with vacancy rising to 11.5% overall (though only 8.6% in the city center) and consultancies leading sector demand at 19% of take-up, while the absence of major deals above 10,000 sqm reflected challenging economic conditions despite stable contract numbers compared to the prior year.