Sell office in Bremen.

Bremen is a stable, mid-sized German office market shaped less by speculative cycles than by the gravity of a few very large employers and a steady public sector. As a Hanseatic port city and Land capital of roughly 570,000 people, its occupier base leans heavily on aerospace, logistics, utilities and administration rather than the financial and consulting tenants that drive the Big Seven. In the first quarter of 2026 take-up was modest but resilient, with prime rents in the City/Mitte core and the regenerated Überseestadt quarter reaching the mid-teens per square metre and overall vacancy contained in the low single digits. The defining theme is flight-to-quality: tenants increasingly prioritise energy-efficient, well-connected buildings, and the rent gap between certified grade-A space and tired older stock has widened noticeably. On the supply side, new development is highly concentrated. Überseestadt remains the city's flagship growth quarter and absorbs the bulk of new construction, while the historic core delivers space mainly through refurbishment and repositioning. The Technologiepark beside the university captures research-intensive and space-sector demand anchored by OHB and Fraunhofer activity, and Airport-Stadt continues to benefit from the Airbus campus and its supplier ecosystem. Pre-letting rates on the pipeline are high, which keeps prime vacancy tight even as some peripheral 1980s and 1990s buildings drift toward structural obsolescence. Demand drivers are durable rather than spectacular. The Airbus and OHB clusters sustain engineering office requirements, the port and logistics economy generates headquarters and back-office space, and the university funnels knowledge-economy occupiers into the Technologiepark. Mercedes-Benz, operator of Bremen's largest plant, indirectly supports supplier and administrative demand across the wider region. These anchors give the market a defensive, low-volatility character. The twelve-month outlook is cautiously positive. The principal risks are macroeconomic softness curbing corporate expansion, construction-cost inflation delaying pipeline schemes, and the growing drag of obsolete peripheral stock. The clearest opportunities lie in value-add repositioning of central buildings to capture the ESG premium, pre-letting new Überseestadt space to relocating corporates, and serving the expanding space-technology and university spin-off ecosystem. For a leasing strategy, Bremen rewards quality and location discipline over volume.

Average rent: 11 EUR/sqm/month (weighted average); Prime rent: 16.5 EUR/sqm/month (prime City/Mitte & Überseestadt); take up q1: 18,000 sqm (Q1 2026); pipeline sqm: 90,000 sqm under construction.