Cologne office take-up falls as large leases remain absent, Cushman & Wakefield says
XLRE•Cologne office take-up fell year over year to about 31,400 sq m in the third quarter of 2026, with nine-month take-up at approximately 104,000 sq m. Vacancy rose to 6%, prime rent held at €33 per sq m monthly and weighted average rent fell to €20.
1. Take-up and rents
Cologne office take-up fell year over year to about 31,400 sq m in the third quarter of 2026. Nine-month take-up totaled approximately 104,000 sq m, and no lease exceeding 10,000 sq m had been recorded by September’s end. Demand centered on modern, flexible, ESG-compliant offices, while older stock faced pressure from increasingly selective occupiers. Vacancy rose to 6%, or approximately 517,500 sq m, while prime rent held at €33 per sq m monthly and weighted average rent fell to €20.
