bulwiengesa Blog

Chart of the Month

November: Office yields remain under pressure

The general conditions for offices, especially in the metropolises, have not changed as much as the Corona crisis would have suggested - so the price spiral is likely to continue. This is shown by the recently published 5% Study 2021, which examines the yield potential of the German real estate markets
15.11.2021 Author/s: Patrik Völtz

Logistics real estate: Worth more now than before the crisis?

Demand has long since expanded to secondary locations, as shown by the recently published "Logistics and Real Estate" study - and this despite the fact that new construction activity for 2021 and 2022 is at a new high. This ensures rising values
Office Retail Logistics Residential
10.11.2021 Author/s: Sven Carstensen und Anna Wolfgarten

Constant to desperate

Apparently nothing can shake the domestic real estate market - Germany is and remains the place to be for investors. Especially flats, logistics properties and offices in top locations are in constant to almost desperate demand. In other segments, however, risk premiums have continued to rise. The current 5 % study shows potential returns
18.10.2021 Author/s: Dr. Heike Piasecki

Massive shortage of care places by 2040

A comprehensive study commissioned by Cureus looks for the first time not only at demographic trends, but also at the stock of care properties and construction activity. The result: if no more building takes place, there will be a shortage of around 168,000 care places by 2040
22.09.2021 Author/s: Björn Bordscheck

The 5-second price

Whether an unrenovated old building in Leipzig, a detached house in Miesbach or an entire residential portfolio - our new tool "RIWIS Prospect" determines rental and purchase prices in just a few seconds. The algorithm is based on almost 10 million offer data that we have been evaluating since 2009. In many countries, by the way, such hedonic price models have long been established and recognised as a valuation method. Test it
07.09.2021 Author/s: Dr. Joseph Frechen

When Karstadt and Kaufhof close ...

Changes in ownership, state subsidies and new ideas have not prevented Galeria Karstadt Kaufhof from closing 41 locations. After all, the discussion about the future of city centres opens up numerous opportunities for department stores' properties. It is important to examine all uses without bias. A commentary on the future of department stores and a case study
20.08.2021 Author/s: André Adami

Departure Leipzig

Prices in Leipzig are rising; for condominiums, for example, they have almost doubled within five years. No other major city in Germany has seen such a development. André Adami talked about Leipzig's housing market in an interview with WELT
21.07.2021 Author/s: bulwiengesa

Does it still work? Office project developments in the class A cities

The recently published project developer study examined, among other things, the current and planned project developments on the office markets of the class A cities. Here you will find the most important results as well as our expert statements for Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne, Munich and Stuttgart
21.06.2021 Author/s: Felix Embacher

Micro-living: Difficult Times, Active Investors

If you study online in your old children's room, you don't need a student flat. What is Corona doing to the micro-living industry? The third market report of the Micro-Living Initiative shows it. While rents and occupancy rates are falling again, the transaction volume is reaching pre-Corona levels again
04.06.2021 Author/s: Felix Embacher, Dr. Maximilian Schlachter

New Basic Study on Urban Quarters

The urban quarter has become an important component of modern urban planning. And a 200 billion euro market that offers enormous potential for investors and developers, not least due to megatrends such as urbanisation or sustainability. With Corestate, we have for the first time compiled a compendium of German urban quarters and provide an overview here
27.05.2021 Author/s: Sigrid Rautenberg

Our Spring Forecasts - Second Attempt at Recovery?

In a webinar, we presented our spring forecasts to around 550 clients and partners. Four of our experts for residential, office, retail and logistics as well as our chief economist gave an outlook and look at the biggest challenges for their segment. Read the summary here
21.05.2021 Author/s: Andrea Back-Ihrig

As Before the Boom: Hotel Investments Need Specialists

What's next for new hotel construction in Germany? Of the 34,000 rooms forecast for 2021, only 680 had been completed by February 2021. This was the result of the hotel study for our client benchmark. Construction activity continues to shift to B- and C-locations and tourist-driven regions. Long-stay concepts also benefit
18.05.2021 Author/s: Ellen Heinrich

"We're moving to the hinterland"

On the surface, new construction activity in the seven A-cities is stable, as shown by the 15th Project Developer Study. In detail, however, there are major shifts. The office segment is growing only listlessly, more and more apartments are being built by public developers, and traditional project developers are moving into the surrounding areas
05.05.2021 Author/s: Florian Wenner

Living Above Frankfurt's Clouds: Trend Over?

For a long time, the Frankfurt housing market knew only one direction: upwards. This applied to both price development and building height. Now, three prominent high-rise residential projects have been stopped or rescheduled. But the first risks of oversaturation were already evident in 2019.
03.05.2021 Author/s: Anna Buchmann and Felix Werner

Hanover: The Glass Is Three Quarters Full

We have once again prepared the property market report for the region and city of Hannover. The crisis has not left this basically stable location unscathed. The logistics sector received a gold star A. The trade fair city recorded declines in the office segment and - unsurprisingly - in the retail and hotel property business
Office Logistics Residential
27.04.2021 Author/s: Sven Carstensen and Anna Wolfgarten

Returns for the Brave

Now it has been published, the entire 5% Study. In a second webinar, we presented the most important results for the hotel, logistics and niche market segments, among others, together with partners from the practice. It becomes clear: The risks are increasing in some real estate markets - but this is not (yet) reflected in the returns everywhere
24.03.2021 Author/s: Alexander Fieback

Everything Within the Framework: Office Market in Germany

Despite the severe economic slump in 2020, many contrary developments could be observed on the German real estate markets. For the office property market, the pandemic initially meant abruptly: home offices and a halt to expansion. However, there can be no talk of disruption. This is shown by the developments in vacancies, completions and office employees.
04.03.2021 Author/s: Daniel Sopka

Online trade makes logistics space scarce

More is being ordered than ever before. But even before the pandemic, online trade was a major driver of demand for warehouse and logistics space. However, the location networks in the e-commerce sector are not yet fully developed - logistics companies continue to search for space of all sizes in all locations
Office Retail Residential
02.03.2021 Author/s: Sven Carstensen and Anna Wolfgarten

Yield for Experts at Most

In den meisten Assetklassen ist es noch einmal anspruchsvoller geworden, sichere Renditen zu erzielen, so die aktuelle „5 %-Studie“. Sogar bei traditionell häufig gehandelten, stabilen Assetklassen wie Büroimmobilien in A-Städten haben sich Risiko- und Renditespreizung enorm vergrößert. In einem Webinar haben wir die wichtigsten Ergebnisse für die Segmente Wohnen, Büro und Einzelhandel bereits vor Erscheinen der Studie im April vorgestellt
23.02.2021 Author/s: bulwiengesa

The Great Transformation - Which Uses Make Retail Properties More Resilient?

A department store is empty, the gaps in the shopping centre are piling up. What can be done? There is room for a hotel, a city logistics warehouse, flats for senior citizens or students, or smaller production facilities. A joint webinar with Union Investment highlighted the opportunities and challenges of mixed use. A summary
12.02.2021 Author/s: Andreas Wiegner

Stuttgart Office Property Market – Despite Corona a Real Pressure-Cooker Situation

23.50 euros per month and square metre - a proud price for Stuttgart office tenants. Nevertheless, vacancy rates have been falling for years, which is also due to the special location in the valley basin. The neighbouring municipalities benefit from this. There is still no indication that the number of office employees is falling, and construction activity is not meeting demand either