# Hamburg Class A office rents and incentives

> Headline Class A rent in Hamburg is around €408/sqm/yr · ≈ $40.9 PSF/yr USD, with 6 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/hamburg/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: €408/sqm/yr · ≈ $40.9 PSF/yr USD.
- Trophy submarket rents (HafenCity) push to roughly €444/sqm/yr · ≈ $44.5 PSF/yr USD.
- Typical concessions on a 5-year deal: 6 months free rent.
- Vacancy stands at 4.4% — market trend is flat.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Hamburg
- **country**: Germany
- **region**: EMEA
- **classARentLocal**: €408/sqm/yr · ≈ $40.9 PSF/yr USD
- **classARentUsd**: $41/sqft/yr
- **vacancy**: 4.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **primeYieldPct**: 4.2%
- **trophyRent**: €444/sqm/yr · ≈ $44.5 PSF/yr USD
- **primeRent**: €360/sqm/yr · ≈ $36.1 PSF/yr USD

## FAQ
### What is the average Class A rent in Hamburg?
Around €408/sqm/yr · ≈ $40.9 PSF/yr USD across the broader Class A index. Trophy submarkets like HafenCity command 20–40% above that.

### How many months of rent-free are normal in Hamburg?
6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Hamburg?
The Hamburg Class A market is currently flat. Vacancy is 4.4%, which sets the negotiating context.

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Citation: Source: Class A Atlas (https://classa.info/cities/hamburg/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.