Letting of retail real estate Germany H1 2023, by city
In the first half of 2023, Hamburg was the most active German retail real estate lettings market. The volume of retail property lettings in Hamburg in the first half of the year amounted to 30,400 square meters. Retail leasing activity dropped significantly in the second and third quarter of 2020 due to the Coronavirus pandemic but recovered, reaching over 112,000 square meters in the second quarter of 2023.