Sister publication Thomas Daily analyses the most important commercial property metrics for the hundred biggest cities in Germany every year.
For 2024, in terms of prime office rents, Munich is the most expensive city in Germany. The average prime rent paid there last year was €54.60 per square metre. It is followed by Frankfurt at €48.60 per square metre and Berlin at €45.40 per square metre. The cheapest office space is in Cottbus in Brandenburg, where it is €11.50 per square metre, Chemnitz in Saxony, at €10.50 per square metre, and Gütersloh in Lower Saxony, €10 per square metre.
The same picture emerges at the top for prime rents for retail space. In Munich, rents are €325 per square metre for space of between 60 and 120 square metres in prime locations. In Frankfurt, the figures are €269 per square metre and in Berlin €263 per square metre. The most favourable rents for this type of space are in Offenbach in Hesse, at €20 per square metre, Delmenhorst in Lower Saxony (€18 per square metre), and Fulda, also in Hesse, where it is €17 per square metres.
Every year, as part of the TD 100 Cities Survey, Thomas Daily asks over 1,000 market experts in Germany about market data and their assessment of market developments in the past and coming year.
Sister publication Thomas Daily is holding a free webinar on the TD100, in German, on 9 April. Register here.