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Key data on the property market in Bremen

2017: Dynamic and robust

A stable market with excellent prospects

The climate for investment in Bremen’s property market is as strong as ever. Stability and continuity are hallmarks of the Hanseatic City, despite the turbulent events in Europe and  the world at large. These characteristics continue to make it an attractive location for project developers and investors.

In every segment of the market, Bremen is well ahead of national trends. The market for logistics properties, especially, is developing at a record-breaking pace.

We have compiled the latest data for you in the office, logistics, residential, retail and investment segments.

In the right-hand navigation panel you will find a downloadable copy of the latest property market reports for Bremen.

 

Order the Property Market Report 2017

High take-ups, promising market movements and a positive utilisation level - The Bremen Property Market Report 2017 is now available. A printed version of the report can be obtained from Bremeninvest free of charge. To order your copy please contact Thorsten Tendahl via T +49 (0)421-9600 121 or thorsten.tendahl@wfb-bremen.de.

Market for office buildings

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2017: Take-up | Construction Activity | Price Levels

  • Vacancy rate: 3.0 per cent (2016: 3.3 per cent)
  • Vacancy rate on the lowest level for more than 10 years
  • office property take-up once again reaches around 100,000 m²
  • new office space is completed in 2017, with around 24,350 m² from new-builds and 8,500 m² from refurbishment projects
  • Altogether vacant office space in Bremen amounted to 110,300 m² in the first six months of 2017
Die Leerstandsrate ist 2017 auf einem Rekordtief
© WFB / Saskia Ahrens

Market for logistics property

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2017: Take-up | Commercial estates | Price Levels

The results for the logistics market once again underline Bremen’s key position in the national and international movement of goods. The total property portfolio has increased once more to nearly 2.8 million m². Even so, remaining vacant spaces are getting scarce. Their availability will increasingly become a crucial competition factor for companies.

  • Vacancy rate falls to a record low of 0.71 %
  • Distribution unit portfolio increases slighly to 2.8 mio.m²
Verteilung der Hallenflächen in Quadratmeter 2017 Bremen
© WFB / Saskia Ahrens

The retail property market in Bremen

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2017: Structure | Locations | Price levels

Retail development in Bremen city centre has been consistently positive, with new impetus coming from extending the pedestrian zone in the area of Knochenhauerstraße.There are already plans for more measures in this respect, with the aim of successfully asserting Bremen’s role as the prime shopping metropolis in the North West.

  • the purchasing power index stays on last year´s good level at 98.1
  • retail turnover increases again slightly to 3,811 mio. €
    Passantenfrequenzen in der Bremer Innenstadt 2017
    © WFB / Saskia Ahrens

    Housing market

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    2017: Demographics | Price levels | Forecasts

    The excess demand levels on Bremen’s housing market result from net migration and declining household sizes.There are positive developments in Bremen in terms of new construction activity, with a focus on apartment blocks and condominiums.

    • the average rent for new apartments amounts to 11.17 €/m²

      Investment market report

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      2017: Transactions | Yields | Price levels

      Measured by the totals achieved in the previous year, the 2016 transaction market for commercial property in Bremen saw a reserved start. But it was the calm before the storm. The second six months of the year alone generated an investment volume of 315 million Euro, sufficing for annual investment of more than 400 million Euro for the second time in succession. The total of 433 million Euro even surpassed the previous year’s results.

      The net initial yield of 5,2% for central office buildings shows Bremen´s appeal as somewhere to invest.