Real Estate Market

Top rent is located at the beginning of the year 2013 14,00 EUR per m sq of the twin cities of Ulm/Neu-Ulm has a diversified economic structure with more than 100,000 employees subject to social insurance contribution. Nationally Ulm has established itself with the University, the College, the Daimler Research Institute, the science parks and the so-called institutes shared by the country as well as the economy as a science location. In the meantime, the University of Ulm with almost 8,000 employees is the largest employer in the city. The overall vacancy rate recorded a vacancy rate of around 5% and it still moves at a very low level. Especially objects with equipment shortages, bad crop, or condition of the building have above-average shares of unvermieteter surfaces in the face of increased demands on quality of modern office space. Larger office space with modern amenities are few. The top rent is located at the beginning of the year 2013 14,00 EUR per m square and is achieved in the new construction project SWU BuroCenter K3. Credit: The Related Companies-2011. With the small office space vacancy rate, the real estate market offers the emerging twin cities in the South of Germany’s stable returns and potential for development for new office buildings and revitalization.

The market marked by regional demand is concentrated on the city and the industrial area layers of Ulm and Neu-Ulm. Office space sales annually between 15.000 and 25.000 m and Blaubeurer Strasse in downtown and in the junction between West town, the shopping street and Soflingen with Business Park and the city shelf and other office buildings, the Danube valley, the industrial area Science Park, Industrial Park West, the Edison Avenue on the former Wiley barracks, as well as the Bastei Center provided. Depending on the location, rents for modern and well equipped properties in downtown are m between 7.50 and 10.50 EUR per m. Because of the already low level of rent is to proceed from a stable price development in best and good layers. Average rents one assumes, that these will remain unchanged. Beyond these areas, the rental price structure decreases significantly.

Particularly in peripheral locations are numerous real estate without users and are also longer term difficult marketable due to their sites and building structures. The rents moves between 5.00 and 8.00 EUR per m. For untimely equipped areas, often even lower rental rates are achieved. The range of new areas is the core of the urban renewal limited, but in the wake of initiated objects. New Office projects mainly implemented in the city centre, exhibit rising before rental numbers because here focuses the greatest interest by Office users. The requested sizes are usually between 250 and 1,500 m. The top rents are, depending on the location and facilities, between 9.50 and 12,50 EUR per m. Due to the limited range and a relatively low speculative construction Prime rents will keep in the future absolutely constant, so that the revitalization of older objects will be increasingly in the foreground. The report is published in PDF format electronically and can be requested by E-Mail at. PER square real estate offers a wide range of products and services in the asset class. See the company’s website, you can inform yourself in detail around the clock to the supra-regional and regional counselling and services or directly contact the real estate experts