Prime office vacancy rates in Germany 2011-2023, by city
Vacancy rates in the German office market have risen since the beginning of the coronavirus pandemic. In the fourth quarter of 2023, Germany's capital city, Berlin, saw the third-lowest prime office vacancy rate at 5.7 percent. That was an increase from 3.7 percent recorded in 2022. The city with the lowest vacancy was Cologne, where 2.9 percent of the offices were vacant.