A stable market with excellent prospects
Bremen has maintained its position as an attractive market for the real estate sector in 2019 and once again boasts robust sales, low vacancy rates and brisk construction activity.
Take-up of office space is high, vacancy rates remain very low and construction activity is healthy. In the logistics real estate segment, both take-up and the number of warehouses have increased significantly. Vacancy rates remain low in this segment too. In the investment market, the volume of transactions is rising while returns remain high and stable.
You will find these and other figures in the annual real estate report, which Bremeninvest produces for the Bremen property market in collaboration with renowned market analysis institutes.
On this page, you will find the latest data for the investment market and the office, logistics, residential and retail real estate segments.
You can download the reports from the past two years in the right-hand navigation panel. All of the reports are also available on the Downloads/Publications page.
You can receive regular updates on the latest developments by reading our Bremen-Stories.
2019: Take-up | Construction Activity | Price Levels
- Vacancy rate 3.1% (2018: 3.0%) unchanged
- Vacancy rate at lowest level for more than 10 years
- Total turnover 2018: 93,000 m² (Previous year: 99,500 m²)
- Take-up in the first half of 2019: 50,400 m²
- Forecast: turnover exceeds the limit of 100,000 m²
- 30,000 m² of new space in 2018
- Forecasted new office space access 50,000 m² at the turn of the year, with an upward trend for 2020
- Slightly rising prime rents in top locations
On 10 May 2019, after a construction phase of almost four years, the City Gate opened. The two buildings are each ten storeys high and have a combined usable area of 35,000 square meters.
© WFB / Jonas Ginter
2019: Take-up | Commercial estates | Price Levels
- Space take-up rises to approx. 293,600 m² (2018: 186,890 m²)
- Two thirds of total revenues were generated in the GVZ
- Total logistics space in Bremen City: 2.92 million m² (2018: 2.83 m²)
- Vacancy rate down: 3.01 % (previous year: 4.83 %)
- Rents up slightly, still favourable compared with the rest of Germany
Neubau von Reimer Logistics in Bremen
© WFB / Jonas Ginter
2019: Structure | Locations | Price levels
- numerous major projects in the city centre in the planning stage, partially realised
- Sales ratio at 113.8 (2017: 115.0)
- Purchasing power ratio slightly lower at 96.6 (2018: 97.5)
- Retail turnover slightly lower at € 4,009 Mio (2018: € 4,012 million)
- Positive forecast for 2020 due to reorganisation of the city centre
Neueröffnung in der Katharinenpassage Bremen
© WFB / Jonas Ginter
2019: Demographics | Price levels | Forecasts
- Ø rental level for new apartments 11.63 €/m² (2017: 11.30 €/m²)
- Bremen's new construction activity continues to develop positively
- Ongoing major projects: Mühlenviertel, Ellener Hof, Schuppen 3, Neues Hulsberg-Viertel, Gartenstadt Werdersee and more
- Purchase prices increase by 8.6% compared to the previous year (average 3,800 €/m²)
- Top purchase prices of over 4,900 €/m²
2019: Transactions | Yields | Price levels
- 2018: Investment volume of € 453 million
- 2019: Transaction volume forecast € 515 million (2018: € 450 million)
- 1st place: office and commercial buildings, 38.5% market share
- 2nd place: collection category "Other", 33% market share
- 1st half of 2019: transaction volume of € 280 million
- Net initial yields (office) 4.6% (unchanged)
The August-Kühne-Haus: The Bremen-based company invests 26 million euros and moves its German headquarters from Hamburg to Bremen. More than 700 employees will work in the new building, which architecturally shapes the entrance from the Neustadt to the Bremen city centre.
© WFB / Jonas Ginter
