Retail: Giessen leads among cities with up to 100,000 inhabitants
Giessen, Kaiserslautern and Flensburg are the most expensive retail locations in Germany with a population of less than 100,000. According to a study by Kemper’s Jones Lang LaSalle, Giessen leads by far: it is the only city in this category that attains peak rents of more than €80/sqm. With less than 75,000 inhabitants, Giessen can compete, the report says, with Augsburg and Karlsruhe, which are much larger. Kaiserslautern, at €75/sqm, increased its peak rent by €5/sqm compared to the previous year, while prices in Flensburg (€70/sqm) remained stable. Rosenheim (€70/sqm, +€7), Bad Homburg (€65/sqm, +€4) and Bamberg (€65/sqm, unchanged) occupy fourth, fifth and sixth place. A total of 100 cities were investigated by Kemper’s Jones Lang LaSalle for the study.