A MARKET BETWEEN UPHEAVAL AND BREAKTHROUGH
Downtown shopping districts in Aachen are undergoing dynamic development. Particularly exciting is the scheme in Büchel and in Antoniusstraße where the city is purchasing a series of plots with the notion of planning a mixture of residential, retail and hotel properties. Further discussion of a redevelopment of Adalbertstraße is taking place, specifically about the potential to unite the vacant properties around the Aquis Plaza shopping centre. Broadly speaking, a comparatively high vacancy rate can be observed in the first half of 2019, which has led, in addition to the upheaval in the city centre, to a certain degree of uncertainty on the market. The resulting weakening demand is therefore also reflected in the development of prime rents (100 €/m2) which have been under pressure since 2016, but have stabilized since the end of last year. Looking at comparable locations, the top rent, which is still achieved in Adalbertstrasse, is slightly higher.
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