The investment market in the city of Cologne registered a transaction volume of approximately 661 million Euros in the first three quarters of 2026. This figure is within the average level of the past five years, as outlined in the current report by a global real estate consultancy. Although the volume does not exceed the billion-Euro mark, the market's activity demonstrates a continuous basis.
Regarding the number of deals, a significant increase compared to the previous year is evident. A total of 60 transactions were recorded, representing an increase of 15 cases compared to the same period last year. This indicates increased market activity despite a more moderate overall volume. The average deal size was approximately 11 million Euros.
Investment Structure and Prime Yields
The distribution of investment volumes reveals diversification. The office sector dominated with a 40 per cent share of the total volume, followed by retail properties with 20 per cent. The hotel and logistics segments each contributed 10 per cent to the total volume. A significant share of 20 per cent was attributed to 'Other', highlighting the breadth of investment opportunities in Cologne.
The prime yield for office properties in Cologne stabilised at 3.50 per cent by the third quarter of 2026. For high-street retail properties in prime locations, the prime yield reached 3.30 per cent. In the logistics property sector, a prime yield of 3.90 per cent was recorded. These figures offer investors guidance in the current market environment.
- —Transaction volume Q1-Q3 2026: approximately 661 million Euros
- —Number of transactions: 60 deals, plus 15 compared to previous year
- —Prime yield Office: 3.50 per cent
- —Prime yield Logistics: 3.90 per cent
The sustained interest in Cologne properties, particularly in the core segments of office and retail, reaffirms the city's position as a relevant location for real estate investments. The increased number of deals combined with stable yields suggests continued liquidity and investor confidence in the market, even though the large transactions of the previous year did not occur.
