German double-net structure: tenant pays Nebenkosten (operating costs) and property tax pass-through.

  • Typical lease length: 5 years.
  • Typical rent-free: 6 months.
  • Vacancy: 4.4%; trend flat.
  • German double-net structure: tenant pays Nebenkosten (operating costs) and property tax pass-through.

Hamburg office lease norms

German double-net structure: tenant pays Nebenkosten (operating costs) and property tax pass-through.

TL;DR

  • Typical lease length: 5 years.
  • Typical rent-free: 6 months.
  • Vacancy: 4.4%; trend flat.
  • German double-net structure: tenant pays Nebenkosten (operating costs) and property tax pass-through.

Structure

German double-net structure: tenant pays Nebenkosten (operating costs) and property tax pass-through. 5-10 year terms standard with renewal options. Rent-free periods of 4-8 months on a 10-year term plus EUR 200-400/sqm TI.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

cityHamburg
countryGermany
regionEMEA
classARentLocal408 EUR/sqft/yr
classARentUsd$444/sqft/yr
vacancy4.4%
typicalLeaseYears5
typicalRentFreeMonths6
submarkets5
primeYieldPct4.2%

Frequently asked questions

What's a typical lease term in Hamburg?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Hamburg?
In EUR/sqft/year. We also publish a USD-normalised view ($444/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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