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Market data office spaces Hanover

office space hannover

Quality trumps quantity

The office market in Hanover is entirely characterized by a “flight to quality”: Companies are increasingly turning to modern, high-quality spaces in central locations such as the City and City-Nord to make workplaces more attractive. Following a year of small-scale transactions in 2025, with a total take-up of approximately 101,000 m², the prime rent reached a new high of 24.50 EUR/m² due to the shortage of ESG-compliant space. The average rent in the City rose to 16.30 EUR/m² (citywide: 12.70 EUR/m²), driven in part by increased fit-out costs. The vacancy rate rose only moderately to 5.8 %, with vacancies primarily affecting older, non-energy-efficient existing properties. As a resilient market, Hanover benefits from a broad mix of industries and the public sector. For 2026, Engel & Völkers Commercial forecasts further stabilization with an expected take-up of between 130,000 and 135,000 m².

  • 101,000 m²

    Take-up (2025)

  • 5.8 %

    Vacancy rate (2025)

  • 24.50 EUR/sqm

    Prime rent (2025)

  • 16.30 EUR/sqm

    Average rent city (2025)

Take-up office spaces Hanover*

Sources: Wirtschaftsförderung Hannover, bulwiengesa, Engel & Völkers Commercial

Rent office spaces Hanover*

Sources: Wirtschaftsförderung Hannover, bulwiengesa, Engel & Völkers Commercial

*current year: Forecast

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Titelbild Marktbericht Büroflächen Engel Völkers 2026

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Office space market report Hanover 2026

The market report office space in Hanover provides you with a well-founded analysis of price developments and current market trends for office space. With detailed graphics, rankings, and tables, you'll receive a comprehensive overview of yields, rental price developments, and the situation in various locations. Discover all the important indicators that are relevant for your rental or purchase decision in Hanover. Download your free copy now (in German only).

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