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Hannover’s property market
Top address for retail
A refined blend of shopping centres, large department stores, small shops and exclusive boutiques in Germany’s most popular pedestrian precincts guarantees a shopping experience to suit every budget. Every year roughly 11,000 m2 of retail space is re-let and over €6 billion spent in the city.
Together with the many attractive locations in the region, Hannover’s property market offers over 2.1 million m2 of sales space for retail trade. The average rent is €145, and in prime city locations up to €200 can be achieved per square metre. The net initial yield here is 4.5%, and even up to 6.3% in retail parks.
