Between January and September 2026, the take-up on the Frankfurt office letting market reached a volume of 263,100 m². This figure is 42% below the previous year's level and 21% below the ten-year average.
The vacancy rate remained constant at 14.1% compared to the previous quarter. Year-on-year, this figure increased by 20 basis points. Prime rent remained stable at EUR 56.00/m² compared to the previous quarter, but recorded an increase of 7.7% compared to the same quarter of the previous year. The median rent was EUR 19.90/m² and increased by 2.1% both quarter-on-quarter and year-on-year.
Market Dynamics and Demand
Dennis Arnold, Associate Director and Teamleader Office Agency at Savills in Frankfurt, noted that the market momentum of 2025 was not matched this year. He attributed this to extended decision-making processes for space lettings, influenced by global economic conditions. Nevertheless, market movement was discernible in the third quarter, particularly in the medium-sized space segment. This was evident in twenty lease agreements exceeding 1,000 square metres.
Current demand is spread across various sectors. Financial and business service providers, as well as public or quasi-public institutions, represent key players. Activity also continued in the upper price segment, with deals above EUR 50 per square metre in the third quarter. These high-priced transactions have primarily focused on the banking district and the city centre so far this year.
Outlook and Expectations
For the full year 2026, Savills forecasts a take-up that will be below the previous year's level. Additionally, a further increase in prime rent is expected by the end of the year. The developments mentioned underscore the continued relevance of the Frankfurt office market, albeit under adjusted economic premises.
