In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents in Cologne were EUR255 per square metre per year. Prime rents are now stable year-on-year, having declined by 9% year-on-year in 1Q15. Looking forward, Savills anticipates that take-up of office space will remain unchanged. Supply of new space is expected to fall. Prime rents are expected to rise. In its report, Savills highlighted the 20 basis point in the prime office vacancy rate to 6.6% over the last year.

Source : Savills/December 2015/Cologne/OFF