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 | 9,245 |
Floor area sqm | 531,031 |
IFRS book value 12/31/2022 in EUR m | 450.0 |
Gross yield in % | 7.1 |
Vacancy 12/31/2022 in % | 3.9 |
Vacancy* 12/31/2021 in % | 6.8 |
Net actual rent EUR/sqm | 5.20 |
Reletting rent EUR/sqm | 5.34 |
L-f-I rental-growth EUR/sqm (y-o-y) % | 1.1 |
L-f-I rental-growth total** (y-o-y) % | 3.9 |
Maintenance EUR/sqm | 5.61 |
Capex EUR/sqm | 20.42 |