According to the 2020 Vacancy Index published by real estate services provider CBRE and research and consulting institute empirica, the apartment vacancy rate in Germany was 2.8 percent at the end of 2019. This corresponds to around 603,000 apartments. The vacancy rate for multi-story apartments is particularly noticeable in growth regions. For example, the market-active vacancy rate in urban areas and boom towns is only 1.9 percent. The lowest vacancy rates (0.2 percent) are recorded in the major cities of Munich and Frankfurt am Main.
The situation in rural regions, on the other hand, is quite different. Due to the spread of urbanization and falling population figures in rural areas, the market active vacancy rate is high at 8.6 percent. The highest vacancy rate, at 9.3 percent, is found in the city of Pirmasens in Rhineland-Palatinate, closely followed by Chemnitz with a rate of 8.4 percent.
When evaluating market active vacancy, apartments that resemble ruins or are categorized as dysfunctional vacancies are excluded. According to study experts, it is imperative that new housing be created in metropolitan areas. New building land in the environs of booming cities, with good public transport connections, must also be developed. On the other hand, life in the countryside must be made more attractive so that vacant apartments are occupied again in the future.
Source: empirica/CBRE
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