Office Market Berlin - Report Q1 2026

Berlin's office market recorded 146,000 sqm of take-up in Q1 2026, representing a 42% year-on-year increase and the largest growth among German A-location office markets, driven primarily by six large lease agreements of 5,000 sqm or more compared to only one in the prior-year quarter. Take-up of modern office space more than doubled, with prime submarkets Mitte, Municipal Area South, and Europacity leading activity, and prime rents reaching or exceeding €50/sqm in select premium properties while €47/sqm remained the primary market benchmark.