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. Hamburg accounted for 526,952 square metres, an increase of 3.1% relative to 2014. As of 3Q15, the office vacancy rate in Hamburg was 5.5%, or 40 basis points less than in 2Q15. Prime rents in Hamburg were EUR25.00 per square metre per month, unchanged relative to 2Q15. Average rents were also unaltered at EUR14.50 per square metre per month.

Source : Savills/Mar 2016/Hamburg/OFF