Eimsbüttel as an investment location for real estate
Urban premium district with strong demand and differentiated submarkets
Eimsbüttel is one of Hamburg's most sought-after districts with around 277,656 residents as at 31.12.2024, spread across nine districts ranging from inner-city Wilhelminian-style quarters to casual single-family home locations - a clear foundation for a broad, affluent tenant base and stable re-letting potential. The district of the same name, Eimsbüttel, has 57,798 inhabitants (31.12.2024), whereby the south-eastern district locations (including Eimsbüttel, Hoheluft-West, Rotherbaum, Harvestehude) are characterized by dense old building quarters, proximity to the campus/university and premium addresses close to the Alster, while Stellingen/Lokstedt merge into suburban structures and Niendorf, Schnelsen, Eidelstedt offer large, greener residential areas. For investors, this creates a differentiated risk/return profile ranging from core in prime locations (Harvestehude/Rotherbaum) to value-add in upgrading transition zones (Stellingen/Lokstedt), flanked by a resilient demographic and demand profile in the entire district.
Micro-location advantages: Wilhelminian style cores, Alster-Premium and north-western family locations
Wilhelminian-style districts close to the city center in Eimsbüttel and Hoheluft-West offer high densities, short distances and high visibility - ideal conditions for refurbished apartment buildings, micro-apartments and furnished concepts with low fluctuation. Premium segments on the Alster in Harvestehude and Rotherbaum combine upper-class buildings with campus and cultural links, which supports core profiles that retain their value in the long term. To the north-west, Stellingen and Lokstedt score highly thanks to their solid accessibility and mixed development, which enables existing housing and repositioning in line with demand; in addition, Niendorf, Schnelsen and Eidelstedt address broad family demand with single-family homes and terraced houses as well as green residential quality close to the city - a mix that promotes cash flow stability and tenant diversification.
Future impetus: U5 development West (UKE/Hoheluft/Lokstedt) and network upgrades as demand anchors
The new U5 substantially strengthens Eimsbüttel's western axes: Following the ongoing construction in the east, an earlier start is planned for the western section, with construction starting at the end of the 2020s at the Hagenbecks Tierpark junction (U2/U5) in the direction of UKE/Hoheluftbrücke, which will almost halve travel times, e.g. from Niendorf to UKE - a clear lever for location quality, tenant comfort and exit prospects in the Lokstedt/Hoheluft area. The final route envisages a main line from City Nord via Innenstadt/Universität to Lokstedt/Arenen, with heavily frequented nodes (UKE, Hoheluftbrücke, Siemersplatz/Behrmannplatz) and eight transfer points - Germany's largest subway project will connect around 180,000 people for the first time or better and expects around 270,000 passengers a day, which will sustainably support rentability along the Eimsbüttel corridors. All in all, the U5 West planning and the secured district structure with 277,656 inhabitants provide a robust investment setup for core to value-add in Eimsbüttel - with a particular focus on the UKE-Hoheluft-Lokstedt axes and the premium locations close to the Alster.
Standard land values for Eimsbüttel
The standard land values for Eimsbüttel can be found in the standard land values for Hamburg here.