ABOVE-AVERAGE START TO THE YEAR
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The Cologne office market got off to a solid start in 2025 with take-up of 67,000 sqm. The ten-year average was exceeded by 10%, while the weak prior-year quarterly result was more than doubled. Accordingly, the market recovery is continuing to gain momentum compared to the previous year. After the first three months, 30% of the previous year's total result has already been recorded.
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The good result was driven in particular by two large-volume lettings of over 14,500 sqm and 16,500 sqm by the Cologne Jobcenter. In contrast, the size categories up to 5,000 sqm dominate the market to a lesser extent than the long-term average (Ø 10 years: 74%) with a take-up share of 54%. In absolute terms, take-up in this segment is also below the long-term average at 36,000 sqm (Ø 10 years: ~45,000 sqm). Consequently, letting activity in the small and medium-sized space segment is currently somewhat less lively than usual.
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The prime rent in Cologne remains stable at €33.50 per sqm. It is achieved for premium-quality office space in a prime city location. The generally more volatile average rent has risen by 14% and is currently at €20.60 per sqm. This underlines the solid demand for modern space across the board.