Office market: stable take-up in the first half of 2025
The first half of the year shows: The German real estate market remains tense. Global fluctuations and national uncertainties make clear forecasts difficult - and are slowing down investment and take-up in many places. Many market players in the Hannover Region are also still reacting cautiously. Caution dominates - on the part of both suppliers and buyers. But those who only look at stagnation are overlooking opportunities!
Despite the caution, there are positive signs in the regional market that promise potential for the second half of the year. A group of experienced real estate experts from Hanover has analyzed current developments, figures and trends - with surprisingly optimistic results.
The market remains challenging, but by no means without prospects. If you take a closer look now, you will see movement, scope - and new opportunities.
Office market shows signs of recovery
One initial result concerns the market for office properties. By mid-2025, around 63,000 square meters of office space had already been taken up - more than in the first half of 2024 (50,000 square meters). Take-up for the year as a whole is expected to exceed 120,000 square meters. This means that the market is approaching the level before the slump in 2022, when only 85,000 square meters were taken up. Between 2020 and 2024, the average was around 135,000 square meters.
Clear trend: companies are increasingly looking for better locations and higher quality when renting space. At the same time, individual demand for space is falling, as new workplace concepts and more home offices mean that smaller and more efficient offices are in demand. Market participants therefore expect prime rents to rise significantly to up to EUR 24.50 per square meter - compared to EUR 21.50 in the previous year.
Complete market report to be published in September
Around 30 companies from the real estate sector and the Hannover Region are working together to produce the real estate market report. It is being produced together with the regional economic development agency and the consulting firm bulwiengesa AG and will be published at the end of September 2025.
The report provides data, assessments and forecasts for the office, logistics, residential, retail and hotel submarkets. It will also be available online at www.immobilienmarktbericht-hannover.de .