Vacancy rate in eastern Germany higher than in the west

Statistics - Vacancy rate in eastern Germany higher than in the west

Residential vacancy rates in eastern Germany remained significantly higher than in the west in 2022. The market-active vacancy rate for multi-storey apartments was 5.8 percent in eastern Germany (excluding Berlin) and 1.9 percent in the west, as the consulting institute Empirica announced in Berlin on Monday. In its analysis together with real estate specialist CBRE, Empirica focuses on "market-active vacancies" - i.e. multi-storey apartments that can be rented out immediately or activated in the medium term.

Accordingly, the highest vacancy rates in the west were in Pirmasens (Rhineland-Palatinate) at 8.6 percent and in Frankfurt (Oder) at 8.4 percent and Dessau-Roßlau at 8.3 percent in the east. The vacancy rate in Leipzig has fallen the most since 2017, by 1.9 percentage points. There were also large declines in Halle (Saale) and Brandenburg an der Havel. In contrast, only Dessau-Roßlau has seen a significant increase in vacant apartments over the last five years, at 1.3%.

Nationwide, the vacancy rate fell by around 53,000 to 554,000 apartments compared to 2021, which is the biggest decline in over 20 years. Empirica does not take into account "ruins" or dysfunctional vacancies. The total vacancy rate is higher, it said.

The figures of the CBRE-empirica vacancy index are based on management data from CBRE (around 915,000 residential units at the end of 2022) as well as extensive analyses and estimates based on the Empirica regional database and the Federal Statistical Office.

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1. Despite the overall nationwide decline in vacancy rates, the city of Dessau-Roßlau in Saxony-Anhalt experienced a significant increase in vacant apartments over the last five years.
2. residential vacancy rates in eastern Germany, including cities like Dessau-Roßlau and Leipzig, are still higher than in the western regions like Pirmasens and Frankfurt (Oder).
3. The data analysis conducted by Empirica and CBRE reveals that the vacancy rate in Dessau-Roßlau is higher than in other eastern German cities like Leipzig, Halle (Saale), and Brandenburg an der Havel.
4. When looking at the vacancy rates in different German regions, it's worth noting that Dessau-Roßlau in eastern Germany has higher vacancy rates compared to cities like Berlin, Thuringia, and mecklenburg-vorpommern.
5. The vacancy rate in the state of Saxony, which includes cities like Dessau-Roßlau, is still higher than in its neighboring states, such as Brandenburg and Berlin.

Source: www.stern.de