Vacancy Index: Nationwide on all-time low

The vacancy rate further decreases in metropolitan regions, whereas it’s growing in shrinking markets.

Even if vacancies increase in rural areas: Nationwide, they are as low as never before. (Image: pexels.com)

According to a recent analysis by empirica and CBRE, the vacancy rate is rising in shrinking regions in both east and west Germany. It’s lying at 7.4 percent (previous year: 7.1 percent), which indicates around 300,000 active market vacancies. The highest shares have been determined in Pirmasens (8.8 percent) and Schwerin (8.6 percent). By 2022, analysts expect a further rise up to 400,000 vacant properties in rural areas.

This cannot be considered a common trend, however. Nationwide, an all-time low of 2.9 percent or 608,000 units (as of late 2017) has been observed. Thereby, the lowest vacancy rate of 0.2 percent exists in Munich, while Frankfurt, Münster and Freiburg have the second-lowest rate of 0.4 percent. In strong growth regions, a vacancy level of 1.9 percent has been determined (as of late 2017), whereby 8,000 vacant flats got rented in the previous year. According to the report, this is part of an eleven-year-long development of declining active market vacancies.

In the CBRE-empirica-vacancy-index, both latest and future developments of vacancies on the German property market are being documented annually and nationwide. The report underlies management data of the CBRE (with approximately 900,000 residential units), as well as analyses and predictions based on empiricas regional database and the Federal Statistical Office.

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