Dresden
Dresden

This metropolis on the Elbe River ranks among the most prominent business locations in Germany. Saxony's capital confirms the migration trend eastward and currently has around 560,000 inhabitants. The university and, as a specific economic sector, the renewable energy industry, among others, contribute to the city's attractiveness. Additionally, the city has developed into a top location in the fields of microelectronics, nanotechnology, new materials, and life sciences. At the end of December 2018, the unemployment rate was 5.6%.

The real estate market is not only reflecting a tendency in increased investor demand. The rental segment is also changing - rents have been steadily rising for years and have reached an average market level of EUR 5.70 per m2 (representing an increase of 30 cents in only few years).

Units

6,337

Floor area sqm

411.474

IFRS book value 12/31/2018 in EUR m

479.4

Inplace yield in %

5.7

Vacancy 12/31/2018 in %

2.5

Vacancy 12/31/2017 in %

3.1

Net actual rent EUR/sqm

5.64

Reletting rent EUR/sqm

5.86

L-f-I rental-growth EUR/sqm (y-o-y) %

2.1

L-f-I rental-growth total (y-o-y) %

2.7

Maintenance EUR/sqm

5.35

Capex EUR/sqm

4.91

 

as of 12/31/2018