The vacancy rate for office real estate in Berlin, Germany, increased in 2023, after declining slightly in the previous year. In 2019, the office sector in the German capital reached the lowest rate at *** percent. At *** percent, the share of vacant office space in 2023 was more than twice higher. One of the major reasons for the rise in the vacancy rates is the coronavirus pandemic, which led to a decrease in the demand for offices due to many businesses transitioning to hybrid work. Across the major European markets, Berlin, Luxembourg, and Hamburg had some of the lowest office vacancy rates.
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BNP Paribas Real Estate. (January 19, 2024). Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023 [Graph]. In Statista. Retrieved July 25, 2025, from https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/
BNP Paribas Real Estate. "Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023." Chart. January 19, 2024. Statista. Accessed July 25, 2025. https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/
BNP Paribas Real Estate. (2024). Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023. Statista. Statista Inc.. Accessed: July 25, 2025. https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/
BNP Paribas Real Estate. "Office Real Estate Vacancy Rates in Berlin, Germany, from 2013 to 2023." Statista, Statista Inc., 19 Jan 2024, https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/
BNP Paribas Real Estate, Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023 Statista, https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/ (last visited July 25, 2025)
Office real estate vacancy rates in Berlin, Germany, from 2013 to 2023 [Graph], BNP Paribas Real Estate, January 19, 2024. [Online]. Available: https://www.statista.com/statistics/529673/office-real-estate-vacany-rate-berlin-germany-europe/