In 2022, 1,563 office properties were completed, as the Federal Statistical Office announced on Thursday. That was 13.6 percent fewer office and administrative buildings than in the pre-Corona year 2019 and 46 percent fewer than in 2002 (2897) Since working from home has become firmly established in the world of work, a large number of offices in Germany are empty.
Companies are selling space and investors are holding back from buying because office property prices are practically in free fall. The commercial real estate crisis is already weighing on banks' balance sheets, especially in the United States.