Old town as an investment location for real estate
City center location with high visibility, frequency and mix of uses
Bremen's Old Town combines prime retail axes (e.g. Obernstrasse, Sögestrasse), gastronomy, culture and administration within walking distance, which generates stable footfall and a diversified tenant base for residential, office and ground floor uses. In the Old Town, people live primarily in districts such as Stephaniquartier, Am Wall, Schnoor and Teerhof - residential addresses close to the city center that combine short distances, public transport connections and a high quality of life. Market reports for Bremen confirm an overall robust demand for real estate across all types of use, with documented key figures for the office, logistics, residential, retail and investment market as a foundation for location-specific strategies.
Micro-location advantages: Obernstrasse/Sögestrasse, Schnoor, Teerhof and city fringes
Prime locations such as Obernstrasse and Sögestrasse offer maximum visibility for retail and gastronomy as well as synergies with office and residential in the second row - typical mixed-use profiles in the old town, as shown by exposés at locations in Knochenhauerstrasse. Residential micro-locations in Schnoor, Wall and Teerhof combine historic buildings, local amenities and short distances, which increases re-letting and tenant loyalty. At the same time, Bremen is focusing on mixed-use, sustainable districts that more closely interlink work, living, education, culture and leisure with the "productive city" model - a tailwind for repositioning and ESG upgrades close to the city center.
Future impetus and strategies from core to value-add with ESG levers
Urban concepts such as "Bremen City Center 2025" and city initiatives strengthen the quality of stay, mobility and district development through public-private cooperation - a driver for value retention in old town locations. Core strategies focus on refurbished properties in prime and secondary locations with low fluctuation, while value-add in side streets opens up additional yield potential through energy modernization, floor plan optimizations and the repositioning of first floor areas, as mixed-use references in the old town show. In addition, Bremen's large-scale development dynamics (e.g. Überseeinsel as part of Überseestadt) increase the city's overall appeal and have a positive impact on central locations by enhancing image, employment and demand.
Standard land values for the old town
The standard land values for Altstadt can be found in the standard land values for Bremen here.