Commercial real estate in Germany threatens to collapse?
Soon, entrepreneurs from around the world, which traditionally show their achievements and share their experience in shopping centers and specialized exhibition halls in Germany, will have nowhere to meet. The fact that approximately 40% of commercial real estate in the country is in bad condition. And, for their salvation is necessary to take immediate action as soon as possible.
According to data obtained during the research staff of the marketing situation of the Institute IVG Research, the total area of all in need of reconstruction or major repair facilities, and exhibition of commercial real estate is approximately 122 million square meters The most "neglected" in the building are now covered markets and exhibition halls - is about 70% of the total fund of this type of commercial real estate. Slightly better is the situation with shopping malls, which are located in urban centers. But even among these, approximately 25% of buildings in need of urgent overhaul.
According to rough estimates of specialists, to bring in the proper form of srednestatichesky supermarket will have to spend around 120 euros per square meter. If the building owner wants to repair it or extend it, the costs increase significantly - up to 2,500 euros for each "square". All in all, the preservation and restoration of the German commercial real estate need at least 9.5 billion euros.
According to forecasts of marketing in the coming years in this segment of the real estate market every effort will be aimed precisely at the repair and restoration of trade and exhibition facilities. Obsolete buildings and subjected to rehabilitation and reconstruction.
Permit is for the construction of new facilities of this type are likely to be granted very sparingly.
According to data obtained during the research staff of the marketing situation of the Institute IVG Research, the total area of all in need of reconstruction or major repair facilities, and exhibition of commercial real estate is approximately 122 million square meters The most "neglected" in the building are now covered markets and exhibition halls - is about 70% of the total fund of this type of commercial real estate. Slightly better is the situation with shopping malls, which are located in urban centers. But even among these, approximately 25% of buildings in need of urgent overhaul.
According to rough estimates of specialists, to bring in the proper form of srednestatichesky supermarket will have to spend around 120 euros per square meter. If the building owner wants to repair it or extend it, the costs increase significantly - up to 2,500 euros for each "square". All in all, the preservation and restoration of the German commercial real estate need at least 9.5 billion euros.
According to forecasts of marketing in the coming years in this segment of the real estate market every effort will be aimed precisely at the repair and restoration of trade and exhibition facilities. Obsolete buildings and subjected to rehabilitation and reconstruction.
Permit is for the construction of new facilities of this type are likely to be granted very sparingly.
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