Figures

Hamburg Office Figures Q4 2023

Hamburg office letting market only declines slightly despite recession; major downturn on investment market

22 January 2024 5 Minute Read

adobestock_288186545

Looking for a PDF of this content?

Download

  • Turnover decline in office lettings by 14% to 436,100 sq m
  • Vacancy rate increased by 0.7%-points year-on-year to 3.2%
  • Investment volume fell by 70% to around €1.65bn in 2023 as a whole
  • Prime yield for office properties rose by 1.25%-points to 4.90% in the past twelve months