Savills: 291,624 square metres of office space taken up in Cologne in 2015

Realopedia Global Real Estate Portal

Savills’ February 2016 report on the main office markets of Germany noted that, across the six largest markets, some 3,316,758 square metres of space was taken up in 2015. Cologne accounted for 291,624 square metres, an increase of 29.6% relative to 2014. As of 3Q15, the office vacancy rate in Cologne was 6.5%, or 10 basis points less than in 2Q15. Prime rents in Cologne were EUR22.00 per square metre per month, up 3.5% relative to 2Q15. Average rents were 2.7% higher at EUR13.15 per square metre per month.

Source : Savills/Mar 2016/Cologne/OFF