Research
Frankfurt Office Market Dynamics, Q1 2025
Summary and analysis of Frankfurt's current office real estate market conditions.
April 17, 2025
Contributors:
- Artur Mironenko
In the first quarter of 2025, all-time first quarter office space leasing record was reached in Frankfurt - 200,100 sq.m.. This is 115% more than in the same quarter of the previous year (107,100 sq.m.), 127% more than five-year and 94% more than ten-year average.
The vacancy rate increased from 9.7% in the fourth quarter of 2024 to 10.6% in the first quarter of 2025. As of the end of March, approximately 1.25 million sq.m. of office space remains vacant in Frankfurt, compared to 1.15 million sq.m. at the end of 2024.
Prime rent did not increase and stayed at the €50.00/sq.m./month level.
