Office rentals in Leipzig: dramatic decline despite building construction!

Office rentals in Leipzig: dramatic decline despite building construction!

In the first half of 2025, the market for office rentals in Leipzig shows worrying trends. According to a report by the lvz Rental contracts concluded, which represents a decrease of 39 percent compared to the previous year. Overall, the rented area amounts to 37,100 square meters - a value that is 43 percent below the long -term average.

This development can be partially attributed to general uncertainty in various industries, as Anja Schuhmann, branch manager at JLL, emphasizes. Large degrees were practically not available in the first half of the year, with only three noteworthy contracts as exceptions.

new buildings and demand

Despite the declining figures, there is positive news from the new building sector. The Vollack Group has completely rented its new buildings at the old fair. In addition, the city of Leipzig secured 3,100 square meters of office and laboratory areas on the same area via the LGH Leipzig commercial area. The “CLL CILL CITYLAB Leipzig” project comprises 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 areas with chemical or physical laboratories, due to the upcoming structure of a large research center in Delitzsch.

The LGH, however, faces challenges because it cannot do justice to current needs. The 3,000 square meters, which are released by the move of the C-Lecta company, have already been assigned.

Current trends in the real estate market

The situation in Leipzig is also reflected in the vacancy numbers. The office league stand increased by nine percent to 198,000 square meters in the first half of the year, but remains below the average of the past ten years. In 2022, the lowest vacancy rate was measured with 3.7 % in 27 years. At the end of 2023, the vacancy rose to 192,300 square meters, which corresponds to a quota of 4.9 %, as reported by jll . Older offices that were renovated before the turn of the millennium find hardly any tenants.

The number of office space under construction has also decreased and the interest of investors is described as weak. So far there has been only a significant sale of a commercial property in the first half of 2025: the retail center on the Rewe-Markt on Zschocherschen Straße, which was sold for around 40 million euros.

To improve the situation, the Leipzig economic department and the city council are relating to the establishment of international research companies and the cooperation with the Vollack Group. In the meantime, the BioTech company C-Lecta has moved into a new office and laboratory location.

Another rental view is the renting of 2,600 square meters in the renovated Joseph consumption on Karl-Heine-Straße to Nextbike and a similar contract for 2,600 square meters with Euro schools Leipzig to merging their locations in Atriumstrasse 3.

The developments on the Leipzig office rental market are being pursued eagerly, especially with regard to the ongoing uncertainties and the change that is already visible in the city.