Research
Düsseldorf Office Market Dynamics, Q4 2024
Summary and analysis of Düsseldorf's current office real estate market conditions.
January 17, 2025
Contributors:
- Karin Frahne
In 2024, the Düsseldorf office letting market recorded a take-up of 253,100 sq.m., representing a 16% decrease compared to the previous year. The fourth quarter was the weakest of the year with 56,500 sqm of take-up.
The vacancy rate has increased by 90 basis points over the past twelve months to 10.6% currently. The vacant space volume has exceeded the 1 million sq.m. mark for the first time since 2014.
The prime rent has increased by €3.50 year-on-year and currently stands at €43.50/sq.m./month.