Prime office vacancy rates in selected European cities Q4 2019

Vacancy rates are a measurement of unoccupied properties during a given period and are a good indication of an area’s desirability and opportunity for development. High vacancy rates can indicate an economic downturn, a lack of demand or possibly that standards do not meet speculative renters’ needs. Low vacancy rates are in general considered a good thing as it means there is a good level of demand from customers, although low vacancy rates may also show a need for more development which is not being met.

Prime office vacancy rates in Europe

As of the fourth quarter of 2019, the German cities Berlin, Munich, and Hamburg saw some of the lowest prime office vacancy rates in Europe at 1.5, 2.4 and 4.1 percent respectively. For comparison, Manchester, Birmingham and Glasgow all had vacancy rates of over ten percent.

Rents and rental yields

The high competitiveness of Germany’s big cities can also be seen in low rental yields. In fact, both Berlin and Munich ranked in Europe’s top three. Rental yields are the ratio of a property’s rent to the property value. Often low rental yields can be explained with relatively low rental costs. This is also the case with Munich and Berlin, which have prime rental costs per square meter two times lower than London City. According to real estate experts, the three cities with best investment and development prospects in 2020 are Paris, Berlin and Frankfurt.

Prime office vacancy rates in selected European cities in the fourth quarter 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until September 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

March 2020

Region

Europe

Survey time period

4th quarter 2019

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Commercial real estate in Europe"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.