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Letting & Operating of Real Estate in Germany Industry Data and Analysis
In the last five years, the industry has stagnated. On average, industry turnover has risen by 0.5% per year since 2020. One reason for the weak figures is the divided development in Germany. While the conurbations are predominantly prospering and experiencing a strong influx, which has recently led to a significant increase in rents for both office and residential properties, the economic development of retail space is stagnating or even declining in many areas. In the current year, the weakness of the bricks-and-mortar retail sector and the problems in the construction industry are causing problems for property landlords. Nevertheless, according to forecasts by IBISWorld, industry turnover will increase by 1% to 99.3 billion euros by 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Letting & Operating of Real Estate industry in Germany includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Letting & Operating of Real Estate industry in Germany operates under the WZ industry code L68.20DE. The industry players rent and lease land, buildings and flats to commercial and private customers, whereby the properties may also have been previously leased. The sector also includes the realisation of construction projects, provided that the construction properties are intended for subsequent own management, as well as the letting and leasing of parking spaces for mobile homes. Only companies with at least one employee are included. Related terms covered in the Letting & Operating of Real Estate industry in Germany include real estate, rental, association, suburbanisation, sale-and-lease-back and coworking.
What's included in this industry?
Products and services covered in Letting & Operating of Real Estate industry in Germany include Flats in apartment blocks, Office property and Retail property.
What companies are included in this industry?
Companies covered in the Letting & Operating of Real Estate industry in Germany include Vonovia SE, Saga Siedlungs-Aktiengesellschaft Hamburg and Vivawest GmbH.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Letting & Operating of Real Estate industry in Germany.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Letting & Operating of Real Estate industry in Germany.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Letting & Operating of Real Estate industry in Germany.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Letting & Operating of Real Estate industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Letting & Operating of Real Estate industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Letting & Operating of Real Estate industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Letting & Operating of Real Estate industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Letting & Operating of Real Estate industry in Germany.
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Frequently Asked Questions
What is the market size of the Letting & Operating of Real Estate industry in Germany in 2026?
The market size of the Letting & Operating of Real Estate industry in Germany is €90.5bn in 2026.
How many businesses are there in the Letting & Operating of Real Estate industry in Germany in 2026?
There are 85,988 businesses in the Letting & Operating of Real Estate industry in Germany, which has declined at a CAGR of 4.0 % between 2021 and 2026.
How may import tariffs affect the Letting & Operating of Real Estate industry in Germany?
The Letting & Operating of Real Estate industry in Germany is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Letting & Operating of Real Estate industry in Germany?
The Letting & Operating of Real Estate industry in Germany is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Letting & Operating of Real Estate industry in Germany grown or declined over the past 5 years?
The market size of the Letting & Operating of Real Estate industry in Germany has been declining at a CAGR of 2.8 % between 2021 and 2026.
What is the forecast growth of the Letting & Operating of Real Estate industry in Germany over the next 5 years?
Over the next five years, the Letting & Operating of Real Estate industry in Germany is expected to grow.
What are the biggest companies in the Letting & Operating of Real Estate industry in Germany?
The biggest companies operating in the Letting & Operating of Real Estate industry in Germany are Vonovia SE, Saga Siedlungs-Aktiengesellschaft Hamburg and Vivawest GmbH
What does the Letting & Operating of Real Estate industry in Germany include?
Flats in apartment blocks and Office property are part of the Letting & Operating of Real Estate industry in Germany.
Which companies have the highest market share in the Letting & Operating of Real Estate industry in Germany?
The company holding the most market share in the Letting & Operating of Real Estate industry in Germany is Vonovia SE.
How competitive is the Letting & Operating of Real Estate industry in Germany?
The level of competition is high and increasing in the Letting & Operating of Real Estate industry in Germany.
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