A guide to office space in Hamburg

Hamburg is a media and industrial centre as well as a major transport hub, home to the busiest port in Germany (second largest in Europe) along with being the most important banking area in Northern Germany.

It is the second largest city in Germany, behind Berlin, with a population of over 1.7 million people and occupies a place in the top 20 of Mercer’s 2015 Quality of Living Rankings.

The location

Spread over an area that is twice as large as London, and seven times that of Paris and with continental Europe to the south and the Nordic region to the north, the city sits at the southern point of the Jutland Peninsula on the river Elbe.

One of the 16 German states, Hamburg is made up of seven boroughs (Altona, Bergedorf, Eimsbüttel, Hamburg-Mitte, Hamburg-Nord, Harburg and Wandsbek) that are subsequently broken up into over 100 ‘quarters’.  

Neighbouring areas - price comparisons, per person per month

The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge.
Area Indicative price range
Hamburg
€300 - 700
Berlin
€400 - 900
Munich €400 - 900
Frankfurt  €350 - 800 


Beijing Great Wall

Looking for an office in Hamburg

The current vacancy rate in Hamburg is around the 6% mark. However, the high level of demand has not had a massive effect on prices in recent months. 

The City submarket is still the most popular area of Hamburg to take up office space but large spaces in the heart of the city can be hard to find due to low supply. 

 
Costs

The prices for serviced office space can range from between €300 - €700 per workstation in Hamburg, depending on location and requirements. 


However, when looking at serviced offices it is always worth keeping in mind that these costs usually cover a whole variety of amenities, which may include Internet meeting rooms, reception services etc., and as such can me more cost-effective than traditional leases.


Office sizes

We currently have over 20 different business centres offering a variety of different office spaces in terms of style, size and cost in Hamburg.

As such, we are confident that if you are looking for office space in Hamburg, we will be able to help you with your enquiry.

Instant Offices are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.


Five things you probably didn’t know about Hamburg:
  • Hamburg is home to over 2,300 bridges; that’s more than Venice and Amsterdam combined
  • The city is officially known as Free and Hanseatic City of Hamburg; named after the first castle built on the site
  • Hamburg is home to consulates to more than 100 countries – only New York City and Hong Kong have more
  • More than 400 Chinese companies are located in Hamburg making it one of China’s most important European business locations
  • Hamburg is home to Berenberg Bank, the second oldest bank in continuous operation in the world, founded in 1590, further enhancing the city’s reputation for being an important financial centre for centuries

Hamburg_Canal

Why choose Hamburg?

Because of its location in the north of Germany, Hamburg is particularly suitable for companies that do business with the Nordic region. 

The price of office space is generally cheaper than most of the other major German cities and as previously mentioned the quality of living within the city is among the highest in the world.



A closer look at Hamburg

The following districts are the most popular areas in which to rent office space:

Hamburg-Mitte
  • The economic heart of the city covering most of the city’s urban centre
  • Home to the CBD and the main shopping districts
  • The Innenstadt (Hamburg’s inner city) is made up of the areas Altstadt, Neudstadt and HafenCity
  • Home to major companies such as Bauer Media and the headquarters of Tchibo, a German chain of coffee retailers and cafes 
Hamburg-Nord
  • Hamburg Airport located in this district making it an ideal area for companies that regularly travel internationally for business
  • Linked to Hamburg-Mitte via the Metro (U-Bahn) and rail (S-Bahn)
  • Home to large parks and green spaces including Ohlsdorf Cemetry, the largest rural cemetery in the world and Hamburg Stadtpark, a large urban park in the district of Winterhude
HafenCity
  • Quarter located in the district of Hamburg-Mitte
  • One of the largest rebuilding projects in Europe and already an established place to both live and work
  • Old port warehouses being replaced with residential areas, shops, hotels and office space
  • Major companies to have headquarters or a large presence in the district include The Speigel Group, Unilever, Kuehne + Nagel and Greenpeace
Port of Hamburg
  • The port is spread out over 7200 hectares; a tenth of the total area of Hamburg
  • The port’s operations employ over 150,000 people directly or indirectly
  • The facilities of the Port of Hamburg are located mainly in the Hamburg-Mitte quarters of Veddel, Waltershof, Wilhelmsburg, Steinwerder and Kleiner Grasbrook

Want to find out more?

If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.

Email our team or call us and we'll be delighted to help you.


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