Market Data Office Space Berlin 2026
Berlin's office market poised for a new upswing – demand for high-quality space is picking up again
The Berlin office space market is looking ahead to 2026 with optimism. Market activity is expected to pick up noticeably again this year.
466,000 m²
Office space completion
8.0 %
Vacancy rate
25.60 EUR/m²
Average rent
45.00 EUR/m²
Prime rent
In the last year Berlin’s market for office space has undergone intensive consolidation and the outlook for 2026 is now positive. Although take-up in 2025 fell to around 466,000 m², which was due to the “wait and see” attitude of tenants when considering large deals combined with a lack of major contracts, Germany’s capital city remains resilient. The segment for small and medium size properties in particular has proven to be a reliable anchor. Numerous contracts for spaces up to 1,000 m² form the backbone of market activity, while the price trend for rents is a clear indication that the city is a solid location.
Prime rents have remained stable at a high level of 45.00 euros/m², confirming tenants’ confidence in top locations. There was a moderate increase in the vacancy rate to approximately 8%, providing potential tenants with the required options for expansion and quality strategies after years of a shortage of properties. Landlords are currently willing to make compromises and increasingly offering attractive incentives to clients searching for properties, such as contributions towards construction costs or interior fittings.
The initial market trends at the start of the year give us reason to be confident that demand for high-quality office space will continue to pick up over the course of the year.
While activity in traditional business segments has been slow, sectors such as defence technology, AI and green tech have become new drivers of demand. Prestigious projects such as music label BMG’s move into the former Quartier 207 complex or the development of modern innovation hubs are indications that the market in 2026 will be characterised in particular by the revitalisation of high-end existing properties.
Engel & Völkers Commercial forecasts a noticeable upturn in market activity in the current year 2026, with take-up of between 500,000 and 550,000 m² expected. Increased construction costs have resulted in only a small number of new-build properties in the pipeline. This market trend is particularly advantageous for existing buildings which have been modernised and are ESG compliant. Owners who invest in futureproofing their properties now will be rewarded by a market which, more than ever, is focused on quality and sustainability.
