Vacancy rate of office real estate in Frankfurt, Germany 2013-2023
The vacancy rate for office real estate in Frankfurt, Germany, increased in 2023, after remaining unchanged in 2022. Between 2013 and 2019 the vacancy rate nearly halved, to a total of 6.8 percent, but in 2023, it stood at 9.5 percent. The increase was largely due to the effects of the coronavirus (COVID-19) pandemic on the office sector. Across the major European markets, Berlin, Luxembourg, and Hamburg had some of the lowest office vacancy rates.
