Kassel as an investment location for real estate
Scientific and administrative center with a stable population base and commuter hub
According to the city's population register, Kassel had a population of 207,863 as at 31/12/2024, while the state's official projection as at 31/12/2024 was 197,230 - the difference is due to different methods; in both cases, Kassel remains a large city with a broad tenant base and a constant number of households of 111,668 at the end of 2024. Kassel as a place of work recorded 115,813 employees subject to social insurance contributions (30.06.2022) and 66,363 commuters, which indicates a strong regional hub function and demand in locations close to the railroad station and city center. The University of Kassel as a growing knowledge anchor (Development Plan 2025-2029) continuously supports student and academic demand, especially in university-related neighborhoods and along efficient public transport axes.
Accessibility, RegioTram/tram network and micro-location advantages
Kassel's public transport system with streetcar and RegioTram links the city center, Kassel main station (deep) and the surrounding area in 30-minute intervals; the RT1/RT4/RT5 lines run through the city center to university and residential areas - a structural leasing lever for city center, campus and node locations such as Königsplatz, Friedrichsplatz and Holländischer Platz/University. Due to staff shortages, the RegioTram service has been temporarily reduced and is expected to be extended until 30.06.2025; however, the basic connection remains relevant for daytime peripheral locations and commuter profiles. In terms of urban development policy, the pedestrian zone from Stern to Holländischer Platz is being discussed/extended, which will increase frequency, quality of stay and first floor uses on the City-Nord axis.
Strategies from core to value-add with ESG levers
Core profiles are recommended in refurbished properties in micro-locations close to the city center and public transport (Mitte, Vorderer Westen, Wehlheiden), which benefit from a stable population and household base as well as proximity to universities. Value-add potential lies in energy-efficient modernization, window replacement/insulation, efficient heating and PV in old and post-war buildings, flanked by ongoing climate planning processes (climate roadmap concept) and the upgrading of inner-city axis levers for operating costs, energy classes and exit capability. The proven stability in districts such as Harleshausen, Rothenditmold and Fasanenhof (slightly increasing population as at 31.12.2024) underpins the re-letting potential even beyond prime locations, while campus and city proximity secures the breadth of demand.
Standard land values for Kassel
The standard land values for Kassel can be found in the standard land values for Hesse here.