What will be the average rental price for professional or industrial premises in Germany in 2023?

Introduction

The rental of professional or industrial premises is a crucial aspect for many companies in Germany. Whether for offices, warehouses or factories, the cost of renting can have a significant impact on a company's finances. It is therefore essential to understand market trends and the factors that influence rental prices.

Factors influencing rental prices

Several factors can influence rental prices for professional or industrial premises in Germany. Here are some of the main factors to consider:

Location: Premises located in urban areas or prestigious business districts tend to be more expensive due to high demand.
Size and amenities: Larger and better equipped premises, with modern facilities and parking spaces, will generally have a higher rental price.
Supply and demand: The balance between supply and demand in a given region can also influence rental prices. If supply is limited and demand high, prices will tend to rise.
State of the real estate market: Fluctuations in the real estate market can also have an impact on rental prices. For example, a period of economic growth may cause rental prices to rise.

Rental market trends in Germany

In 2023, the market for the rental of professional or industrial premises in Germany is expected to experience certain important trends. Here are some of the key trends to watch:

1. Price increases in major cities

Major German cities, such as Berlin, Munich and Frankfurt, will continue to be attractive markets for businesses. Due to high demand and limited supply, rental prices are expected to increase in these cities. For example, according to a recent study, office rental prices in Berlin have increased by 10% over the past few years.

2. Growth of coworking spaces

Coworking spaces are becoming increasingly popular in Germany, especially among startups and freelancers. These spaces offer flexibility and shared services at an affordable price. As a result, the traditional office rental market could be affected, with downward pressure on rental prices.

3. Growing demand for logistics warehouses

With the growth of e-commerce, the demand for logistics warehouses in Germany is expected to continue to increase. This could result in increased rental prices for warehouses that are well located and equipped with modern technologies to meet logistics needs.

Examples of rental prices in Germany

Rental prices for business or industrial premises in Germany can vary greatly depending on location, size and amenities. Here are some examples of average rental prices in different German cities:

Berlin

Offices: The average rental price for offices in Berlin is around 20-25 euros per square meter per month.
Warehouses: Warehouses in Berlin have an average rental price of around 6-8 euros per square meter per month.

Munich

Offices: The average rental price for offices in Munich is around 25-30 euros per square meter per month.
Warehouses: Warehouses in Munich have an average rental price of around 8-10 euros per square meter per month.

Hamburg

Offices: The average office rental price in Hamburg is around 20-25 euros per square meter per month.
Warehouses: Warehouses in Hamburg have an average rental price of around 6-8 euros per square meter per month.

Conclusion

In 2023, the average price for renting professional or industrial premises in Germany is expected to continue to be influenced by factors such as location, size, supply and demand, as well as the state of the real estate market. Major German cities are likely to see an increase in rental prices, while coworking spaces and logistics warehouses will also be important trends to watch.

It is critical for companies to consider these factors and trends when evaluating rental costs and making strategic decisions. By understanding the rental market in Germany, companies can better plan their budgets and find the best premises for their needs.