Key data on the property market in Bremen
Dynamics and stability on the Bremen property market
A stable market with excellent prospects
Despite the corona-induced crisis, Bremen is maintaining its position as an attractive location for the real estate industry and will again impress in 2021 with a high marketing performance, positive developments in the area of new residential construction and innovative concepts for stationary retail. Record values in transaction as well as investment volumes and office space turnover are to be expected.
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.
2021: Take-up | Construction Activity | Price Levels
- Vacancy rate rises slightly to 3.3 % (2020: 3.0 %)
- Despite pandemic, 100,000 m² of newly leased office space
- First half of 2021 got off to a strong start with take-up of 61,000 m²
- Forecast for office take-up in 2021 is around 110,000 m²
- 65,000 m² of new office space completed in 2020
- Approximately 40,000 m² of new office space is expected in 2021
- Maximum rents for individual properties around 20 €/m²
2021: Take-up | Commercial estates | Price Levels
- Total logistics space in Bremen City: 3.2 million m² (2020: 3 million m²)
- Significant increase in take-up: 366,000 m² (2020: 238,800 m²)
- Vacancy rate of 3.83 % is in line with the national market average
- Rents remain more favorable than in BIG 5 conurbations
- Record take-up of logistics properties despite Corona pandemic
2021: Structure | Locations | Price levels
- New tenants for large spaces in top-locations in the city center
- New urban character and trend-setting offers for the city center
- Pedestrian frequency at 90 % of the level before the Corona pandemic
- Positive forecast for 2021/22 due to conceptual realignment of the city center
2021: Demographics | Price levels | Forecasts
- New urban neighborhoods in Woltmershausen, Hulsberg and Werdersee
- Purchase prices for new buildings continue to rise, rents are less dynamic
- Home ownership remains in strong demand
- Living in the new urban districts and on the waterfront is becoming increasingly popular
- Ø rental level for new apartments 11.80 €/m²
- Bremen is growing, and has been doing so steadily since 2011
- Purchase prices for condominiums in new construction projects continue to rise in 2020 (average 4,330 €/m²)
2021: Transactions | Yields | Price levels
- Investment volume on record course at 550 to 600 € million
- Investors show high confidence in Bremen investment market
- Office properties could regain their traditional position as the most sought-after investment asset class
- Good start with transaction volume of 325 € million in the first half of 2021
