Gera’s location in the triangle formed by the three states of Thuringia, Saxony, and Saxony-Anhalt is increasingly an advantage in driving the city’s development. Modern technology-driven companies – e.g. in the med-tech, microelectronics, software engineering and optics industries – are among the businesses that have settled here. Reasons include low wages and labour costs, reasonable land and real estate prices, and low utility and waste disposal costs.
Units | 9,475 |
Floor area sqm | 550,021 |
IFRS book value 12/31/2020 in EUR m | 444.7 |
Inplace yield in % | 7.1 |
Vacancy 12/31/2020 in % | 6.5 |
Vacancy* 12/31/2019 in % | 7.0 |
Net actual rent EUR/sqm | 5.09 |
Reletting rent EUR/sqm | 5.33 |
L-f-I rental-growth EUR/sqm (y-o-y) % | 1.1 |
L-f-I rental-growth total** (y-o-y) % | 1.2 |
Maintenance EUR/sqm | 4.79 |
Capex EUR/sqm | 8.74 |