bulwiengesa GmbH

Author overview

About the company

bulwiengesa ist eines der größten unabhängigen Beratungs- und Analyse- und Bewertungsunternehmen für die Immobilienbranche in Deutschland. Projektentwickler, Bauträger, institutionelle Investoren, Banken, Kommunen oder Bestandshalter vertrauen uns seit 1983.

https://www.bulwiengesa.de/

Company posts

Projektentwicklungsmarkt zwischen Aufhellung und Realisierungsstau: Baustarts bleiben auf niedrigem Niveau

Der Development Monitor zeigt eine wachsende Lücke zwischen Planung und Realisierung: Rund 31% des Ende 2023 erwarteten Wohnvolumens werden aktuell nicht wie geplant umgesetzt. Baustarts liegen 67% unter dem Peak. Verzögerungen nehmen zu, die Pipeline bleibt vor allem in der Planung stecken.

MarketsReal Estate

Development Monitor continues to grow: GSK Stockmann strengthens partner network

bulwiengesa's Development Monitor is expanding its network with GSK Stockmann. Together with BFW and DKB, the law firm contributes legal and regulatory expertise.

CooperationsReal Estate

Educational Real Estate Initiative grows to eleven members

The Educational Real Estate Initiative, coordinated by bulwiengesa, is growing: Art-Invest Real Estate, KanAm Grund Group and KGAL are joining. The network now has eleven members and is expanding its expertise in development, financing and database in the field of educational real estate.

Dynamics
Oliver Rohr, Head of Consulting bei bulwiengesa. Bildquelle: bulwiengesa

Retail: Inner cities are recovering – but only in the best metres

Bulwiengesa and ImmoScout24 publish the GewerbeBarometer on the German commercial real estate market for the first time. In prime locations in A-cities, prime rents are stabilising around €250/sqm, while supply has increased by around 33% since 2022 and demand is focused on top locations.

MarketsReal Estate
Grafik zum GewerbeBarometer: Angebot und Nachfrage von Logistikimmobilien in Deutschland. Bildquelle: bulwiengesa und ImmoScout24

Logistics market loses boom momentum – but remains a stable anchor

The GewerbeBarometer by bulwiengesa and ImmoScout24 shows that the logistics market is losing boom momentum, but remains stable. New construction volume in 2025 approx. 4.3 million sqm; Offer since 2022 +80%. Demand is differentiated, with prime rents close to €10/sqm (Munich €10.90).

MarketsReal Estate
Entwicklung von Angebot und Nachfrage bei Büroflächen laut GewerbeBarometer von bulwiengesa und ImmoScout24. Bildquelle: bulwiengesa / ImmoScout24

Office market in upheaval: More vacancies – but rising rents

bulwiengesa and ImmoScout24 are presenting the GewerbeBarometer for the first time: in 2025, take-up in the office market will fall by 8% to 4.1 million sqm, while vacancies will rise to 6.3% nationwide and 8.4% in A-cities. At the same time, prime rents are rising; Conversions remain difficult.

MarketsReal Estate

Micro-living remains a growth driver in the housing market

The market report of the Micro-Living initiative reports continued high demand: occupancy rate 96%, average all-in rent 616 euros/month, private sector 761 euros. Annual rent increases of 2–6% are expected until 2028.

Markets

Spring 2026 forecasts: Selectivity replaces the overall market

bulwiengesa presented the spring 2026 forecasts for the German real estate markets in the forecast webinar. Conclusion: Selectivity instead of overall market; Housing remains strong, offices are changing, logistics are robust, retail polarizes. Macro uncertainty and interest rates are weighing on them.

Markets
Außenansicht einer Produktionsimmobilie in Hannover-Laatzen, Quelle: BEOS

Light Industrial Real Estate: Market Gains Stability in 2025

The German market for light industrial real estate was robust in 2025: the investment volume rose by 35% to EUR 1.61 billion.

MarketsReal Estate

Educational Real Estate Initiative launched: Industry joins forces for more transparency and better framework conditions

The initiative brings together key market players who are already actively involved in the development, financing and operation of educational real estate – including the role of long-term owners and landlords who ensure sustainable management and use of the properties. Deutsche Kreditbank AG, Drees & Sommer, GSK Stockmann, HIH Projektentwicklung, Hemsö, LHI Group, LBBW Immobilien and mondial KVG are participating as founding partners.

CooperationsReal Estate

bulwiengesa reorganises management team and strengthens strategic development

bulwiengesa has introduced a new management team consisting of Sven Carstensen, Kristian Reinhold and Felix Embacher as of April 2025. These focus on the strategic development of the company in interaction with the Scout24 ecosystem. The aim is to position bulwiengesa as a leading partner in the real estate industry.

Dynamics

50 years of the bulwiengesa real estate index: Anniversary with slight recovery despite fragile market environment

For the 50th time in a row, bulwiengesa presents the Real Estate Index, which analyses the development of real estate prices and rents in Germany since 1975. After difficult previous years, the index recorded a recovery for 2025 with a nominal increase of 1.8%.

MarketsReal Estate
Foto von Jan Antonin Kolar auf Unsplash

German city centres show remarkable stabilisation

This is shown by the recently published Highstreet Report 2025, which bulwiengesa has compiled for the sixth time in a row on behalf of Columbia Threadneedle and analyzes the development of A-locations in 100 German cities.

MarketsReal Estate
Wohnwetterkarte 25

The heat is returning to the big cities: Residential weather map 2025 by BPD and bulwiengesa shows trend reversal

With the so-called living weather map, living trends and their changes are represented using a colour scale similar to a weather map. By the way, the hottest municipality this year is in Bichl in the district of Bad Tölz.

MarketsReal Estate