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Key data on the property market in Bremen

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 full real estate report for Bremen.

© WFB / Jonas Ginter

Market for office buildings

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2016: Take-up | Construction Activity | Price Levels

  • Vacancy rate: 3.3 per cent (2015: 3.2 per cent)
  • Well below the average for second-tier cities (Ø 5,8 %)
  • Take-up of office space is expected to reach 88,000m² (2015: 83,000m²)
  • Construction Activity is boosting the market (to almost 3.6 million m² of total rented area by the end of the year)
  • Market activity characterised by take-up of small-scale units
  • Peripheral locations benefit from the shortage of city-centre office space
  • Prime rents in Überseestadt (New Harbour District) at €13.00/m²

Market for logistics properties

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2016: Take-up | Industrial estates | Price levels

  • Take-up again at a high level: 253,560m² (2015: 217,800m²)
  • Inventory increases to just under 2.7 million m² (despite the demolition of many older properties)
  • Vacancy rate falls to a record low of 1.14 per cent (2015: 1.9 per cent)
  • Average rental prices in Bremen have risen a little to 3.21 Euro / m² (2015: 3.17 Euro / m²).
  • Bremen extends its leading position

The retail property market in Bremen

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2016: Structure | Locations | Price level

  • Sales index climbs slightly to 117.3
  • A peak pedestrian frequency of 5,127 per hour is ample proof of the city centre´s attractiveness (2015: 4,280)
  • Purchasing power index (retail-relevant) is 98.2
  • Centrality KPI of 119.4 indicates high inflow of purchasing power
  • Footfall is stable overall; in some places, such as Obernstrasse, it has even improved
  • Average rents in the city centre: €85/m²
  • Prime rents in the city centre: €130/m²

Residential property market

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2016: Population trends | Price levels | Forecasts

  • Purchase prices increase again by 5 %
  • In 2016, peak purchase prices exceed 4,400 Euro / m²
  • Average price for new-build sites €3,200/m²
  • Rents in the new building segment reached a level of 10.40 Euro / m² on average (peak level 14 Euro / m²)

Investment market report

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2016: Transactions | Returns | Prices levels

  • Sales on the Bremen market in 2015 reached the highest level since 2007
  • total figure of around 400 million Euro
  • The sale of the Waterfront shopping mall accounted for around 50 % of total sales and was therefore responsible for the new record
  • With a net initial ROI of 5.5 % for office properties in central locations, Bremen continues to be an interesting place to invest in