Key data on the property market in Bremen 2023/2024
Energy Efficiency and Sustainability: Bremen's Real Estate Sector in Transition
Bremen and Bremerhaven in the Era of Transformation: To prepare for the challenges of the future, the real estate sector in the state of Bremen is focusing on energy-efficient development projects and sustainable office and residential districts.
All data can be found in the annually published Real Estate Market Report. The report is produced by WFB in collaboration with renowned market analysis institutes for the real estate location Bremen.
On this page, you will find the latest figures in the segments of office real estate, logistics real estate, residential real estate, retail locations, and the investment market. The data for 2024 are projections based on figures available at the time of collection.
On the right, we provide the reports from the past two years for download. You can also find all reports on our Downloads/Publications page.
2023/2024: Take-up | Construction Activity | Price Levels
- Vacancy rate increased to 5.4% (2022/2023: 3.7%)
- Leased space in 2024: Slightly below the previous year at 94,000 m² (2023: 95,000 m²)
- Leased space in 2024: First half of the year at 30,000 m²
- Construction activity in 2023: 62,000 m² (Forecast for 2024: 51,000 m² of new office space)
- Prime rents around €15.00/m²
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2023/2024: Take-up | Commercial estates | Price Levels
- Stock of logistics hall space slightly increased to over 3.35 million m² (2023: 3.3 million m²)
- Doubling of turnover in new construction and revitalization: 59,000 (2023: 110,000 m²)
- Space turnover: 324,960 m² (previous year: 184,593 m²)
- Vacancy rate at 5.15% (2023: 4.03%)
- 173,023 m² of available logistics hall space
- Rents for logistics properties range between €3.50 and €6.00/m²
- GVZ Bremen: logistics halls with a total area of 1.78 million m²
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2023/2024: Structure | Locations | Price levels
- City center undergoing structural change
- University of Bremen’s Law Department moves into the city center, occupying 18,000 m²
- Purchasing power at €4,161 million (2023: €3,988 million)
- Revenue at €4,179 million (2023: €3,731.6 million)
- Retail rents: City center peak at €106/m²
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2023/2024: Demographics | Price levels | Forecasts
- Around 1,000 residential units are being built in the Hulsberg district, with the first ones already occupied in 2023
- In the Garden City Werdersee, 600 residential units are set to be completed by the end of 2024
- Purchase prices remain stable, while rents continue to rise
- Average rent level for new apartments at €12.80/m² (previous year: €12.40/m²)
- Average purchase prices at €4,562/m² (2023: €4,600/m²)
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2023/2024: Transactions | Yields | Price levels
- Transaction volume in 2023/2024 historically weak: €241.6 million
- Investment volume in the first half of 2024: €124.1 million
- Smaller-scale transactions: trend towards transactions under €10 million solidifies
- The share of the “Other” asset class rose to 45%. This includes micro-/student apartments, senior living facilities, business parks, as well as infrastructure properties, data centers, or healthcare centers. Such properties are trending nationwide and often promise more attractive returns
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