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Office rentals in Leipzig: Dramatic decline despite building construction!
Leipzig recorded a decline in office rentals and increasing vacancies in the first half of 2025. Analysis and current trends.
Office rentals in Leipzig: Dramatic decline despite building construction!
In the first half of 2025, the office rental market in Leipzig is showing worrying trends. According to a report by the LVZ Only 70 rental agreements were concluded during this period, which represents a decrease of 39 percent compared to the previous year. In total, the rented area amounts to 37,100 square meters - a value that is 43 percent below the long-term average.
This development can partly be attributed to the general uncertainty in various sectors, as Anja Schuhmann, branch manager at JLL, emphasizes. Major deals were virtually non-existent in the first half of the year, with only three notable contracts as exceptions.
New construction and demand
Despite the declining numbers, there is positive news from the new construction sector. The Vollack Group has fully rented out its new buildings at the Alte Messe. In addition, the city of Leipzig secured 3,100 square meters of office and laboratory space on the same site through the LGH Leipziger Gewerbehof. The “CLL CityLab Leipzig” project includes two new buildings with a total of 8,600 square meters, which attract high demand from young and growth-oriented companies. These companies are particularly looking for space with chemical or physical laboratories, due to the upcoming construction of a large research center in Delitzsch.
However, the LGH faces challenges as it cannot meet current needs. The 3,000 square meters that will be freed up by c-LEcta's move have already been taken.
Current trends in the real estate market
The situation in Leipzig is also reflected in the vacancy figures. Office vacancies rose by nine percent to 198,000 square meters in the first half of the year, but remain below the average for the last ten years. In 2022, the lowest vacancy rate in 27 years was measured at 3.7%. At the end of 2023, the vacancy rate rose to 192,300 square meters, which corresponds to a rate of 4.9%, as reported by JLL is reported. Older offices that were renovated before the turn of the millennium can hardly find tenants anymore.
The number of office spaces under construction has also fallen and interest from investors is described as weak. So far there has only been one significant sale of a commercial property in the first half of 2025: the retail park at Rewe-Markt on Zschochersche Strasse, which was sold for around 40 million euros.
In order to improve the situation, the Leipzig economic department and the city council are relying on the establishment of international research companies and cooperation with the Vollack Group. In the meantime, the biotech company c-LEcta has moved into a new office and laboratory location.
Another bright spot is the rental of 2,600 square meters in the renovated Josephverbrauch on Karl-Heine-Straße to Nextbike as well as a similar contract for 2,600 square meters with Euro-Schulen Leipzig to combine their locations at Atriumstraße 3.
Developments on the Leipzig office rental market are being followed with excitement, especially in view of the ongoing uncertainties and the change that is already visible in the city.