Vacancy rate of office real estate in Hamburg, Germany 2013-2023
The vacancy rate for office real estate in Hamburg, Germany, increased slightly in 2023, following the first decline since 2018. Between 2013 and 2019 the vacancy rate decreased by 2.1 percent, to a total of 4.1 percent. In 2023, approximately 4.1 percent of offices were vacant. The vacancy rate in Berlin decreased slightly, while in Munich, it followed the opposite trend.