• Commercial investment market above long-term average despite pandemic
  • German commercial real estate remains in strong demand - transaction volume limited by supply shortage
  • Office properties remain strongest asset class; high demand for logistics properties and defensive retail properties
  • Declining investment volume in the top 7 locations compared with the strong previous year, but still predominantly above the long-term average
  • No corona-related price reductions - prime yields stable in almost all asset classes
  • Outlook: Investment momentum driven by product availability and success in pandemic response; defensive investments experience significant boost in demand