Hamburg Office Market Data Q1–Q3 2026
Hamburg Office Market
Hamburg Office Market: Market Data Q1–Q3 2026
Stable office rents, rising vacancy rates and significant differences between locations: Office market data from Engel & Völkers Commercial Hamburg reveals how Hamburg's office market developed during the first nine months of 2026. Which locations recorded the highest take-up volumes, and which space size categories are shaping market activity?
Hamburg Office Market: Key Figures
From January to September 2026, the Hamburg office market recorded a total take-up of 267,000 m². The average rent stood at €22.00/m², while the prime rent reached €36.50/m². Both figures remained unchanged compared to the full year 2025.
Vacant office space increased from 710,000 m² in 2025 to 750,000 m². The vacancy rate rose from 5.0% to 5.3%.
Which Locations and Space Sizes Are Shaping the Market?
The City accounted for the largest share of total take-up at 27.1%, followed by HafenCity at 12.3% and City-Süd at 12.0%. Smaller office spaces dominated leasing activity, with 56% of all lease agreements involving spaces of less than 500 m².
How do rental ranges vary across Hamburg's office submarkets? Which industries are driving take-up? And which major lease transactions have shaped the year so far? The full market analysis provides detailed insights.
