Record volumes on the commercial real estate investment market in Germany
The main driver for the sizeable investment demand from institutional investors was and remains the continued low interest rates. In 2015, the volume invested in commercial real estate increased for the sixth time in a row to reach a record €55.1 billion, exceeding the previous record from 2007. The total transaction volume for the seven property strongholds (Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart – the ‘Big 7’) was €31 billion, a rise of 35% year-on-year. However, there was also an above-average increase in investments concluded outside the Big 7 which totalled €24 billion, a rise of more than 43% since 2014.