Duesseldorf, Germany

Mailing Address

Bleichstraße 14
Düsseldorf 40211
Germany
Managing Director: 
Stephan Heinen
Phone: 
+49 211 22070 0
Fax: 
+49 211 22070 222

Area Overview

Dusseldorf is the capital of North Rhine-Westfalia, Germany’s most populated federal state. The city is the center of the greater Ruhr conurbation which is home to more than ten million inhabitants. Thus it is one of Europe’s five largest agglomerations and one of the most centrally located in the continent. Its infrastructure and transport connections are outstanding. Within three hours drive time live some 60 million people which is approx. 40% of the EU population. Dusseldorf is known for its well diversified economy. The city is a hotspot for trade in western Germany. Dusseldorf is home to more than two thousand wholesalers and more than four thousand retailers. Among them are major players like Metro Group, C&A and Peek & Cloppenburg. Dusseldorf is one of Germany’s fashion hubs hosting important trade fairs and congresses. Some 24,000 people work in Dusseldorf’s fashion industry that comprises around 3,000 companies and 800 permanent showrooms. Other important industries are media, consultancy and manufacturing – the latter mostly represented by headquarters and branch offices of global corporates like Thyssen Krupp, Salzgitter Steel Trading and Mitsubishi.

Markets

Office

Among Germany’s top five office market, Dusseldorf is the smallest in terms of stock and traditionally also the smallest in terms of annual take up. Office stock in the capital of North Rhine-Westfalia is some 9.2 million sq.m. Dusseldorf’s market development was comparatively volatile over the past decade. After the market trough in 2009, the city’s office market proved to be one of Germany’s most resilient to the global financial and economic crisis. Backed by a number of large scale deals, letting volumes soared in 2010 and 2011. After a period of more moderate, but yet very solid take up levels, Dusseldorf recorded a very high letting volume. Parallel, office vacancy continued to. 2016 is forecast to see a continuation of this trend. Prime rents held firm in 2015, but are expected to rise over 2016 as new prime office assets will come into the market. Across all submarkets, average rents tend to move upwards. Dusseldorf’s most sought after submarkets are Banking District, CBD, Media Harbour, Kennedydamm and Airport City.

Retail

Given its reputation as fashion hotspot in Germany, Dusseldorf is one of the country’s most thought after retail locations, especially in the luxury segment. Dusseldorf’s purchasing power index is well above average with some 118.7 and so is its turnover index (139.1) and centrality index of 121.3. These strong indicators move Dusseldorf in focus of national and international retailers. One of Germany’s most well-known luxury prime pitch is Koenigsallee, a top retail location for international luxury brands. Adjacent Schadowstraße caters mostly for the mid-market segment and shows high retail chain penetration. The area around Flinger Straße targets most of all the younger crowd. Dusseldorf’s retail landscape has a strong focus on the CBD including high-street and shopping center retail. Four of the seven shopping centers in the Dusseldorf market are located in the CBD, right next to Koenigsallee and Schadowstraße.

Industrial

Located in Europe’s most densely populated major agglomeration stretching from the East of the Ruhr Valley to the West of Amsterdam, Dusseldorf is an important logistics location in Germany. The region’s road and train network is extremely dense and provides very good connections to the Benelux and further to the East and South of Germany. Moreover, the river Rhine offers great opportunity for modal split. Two inland ports are located within Dusseldorf’s market area. Dusseldorf International Airport is another well-demanded logistics location.

Investment

Dusseldorf recorded the highest investment volume ever in 2015. A number of large scale deals contributed to this excellent result and overall strong market activity in all size categories. Dominating segment was office, followed by retail and logistics.

Avison Young in Dusseldorf

Our Avison Young office in Dusseldorf opened in 2015. The growing team around Principal Stephan Heinen offers national and international clients the full range of real estate advisory services in Dusseldorf and the greater metropolitan Ruhr region. The team is specialized in office and retail leasing as much as in capital markets transactions across all segments..

Imprint Germany

Service Provider: Avison Young - Germany GmbH Neue Mainzer Straße 28, 60311 Frankfurt am Main, Germany

Authorized representatives: Udo Stoeckl (Managing Director), Markus Bruckner (Managing Director), Frank Loeblein (Managing Director), Thomas Loeffler (Managing Director) and Stephan Heinen (Managing Director), Neue Mainzer Straße 28, 60311 Frankfurt am Main

Regulatory authority: Public Order Office (Ordnungsamt) Frankfurt am Main, Kleyerstrasse 86, 60326 Frankfurt am Main

Corporate register and register number: Local Court Frankfurt am Main, HRB 95894

Tax registration number: DE291773639