Hamburg prime office rent Q2 2026: 41 euros, and what's behind it
Prime office rent in Hamburg stands at €41.00/m² in the second quarter of 2026, holding steady at the record level it has been at since the end of 2025, up 14 %. Here is how to read that.
How high is the prime office rent in Hamburg in 2026?
The prime office rent in Hamburg stands at €41.00/m² net cold per month in the second quarter of 2026, stable at the record level reached in late 2025. Depending on how the market reports define the figure, the reported values range from 33.50 to 41.00 €/m²; individual top deals reach up to 50.00 €/m².
01 The number, and why it differs depending on the source
Depending on the report and the definition used, the prime rent quoted ranges between 33.50 €/m² (conservative: median of the highest lettings, 2025) and 41.00 €/m² (sustainable maximum, Q2 2026), all figures net of service charges, per month. The 41.00 €/m² mark the upper end, and that is exactly where the market currently stands.
02 Why the top end is rising while the market weakens
Half-year take-up, at around 157,000–190,000 m² (depending on the source), was well below the previous year, while the vacancy rate climbed to 6.4–7.2 %. Prime rents are nevertheless rising, because modern space in central locations remains scarce: only just over a quarter of the vacant space is of new-build quality. At Alter Wall, more than € 40.00/m² was achieved for a large letting, and individual deals are reported at up to € 50.00/m².
The prime rent is the headline, not the market.From this article
03 What this means for normal budgets
The top end makes the headlines, not the market: the average rent (across all of Hamburg) is around 22,50 €/m², and entire submarkets start well below that. If you do not need the top new-build segment in the most central city-centre location, you are currently negotiating in a tenant's market, particularly in existing stock.
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