Der regionale Immobilienmarkt – Indikator für den Strukturwandel im Ruhrgebiet

Schulten Andreas
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Schulten Andreas: Berlin

ZFW – Advances in Economic Geography, 2006, vol. 50, issue 1, 181-191

Abstract: The regional real estate market as an indicator for structural change in the Ruhr area. The regional real estate markets are robust indicators for the structural shift within the Metropole Ruhr. Growth in service sector industry as well as demographic changes are accompanied or sometimes enhanced by real estate developments and investments. New stock either in the commercial or residential market reflects new demand - or the lack of it - in a very precise way. Especially in the local office markets the cyclical change of rent-, price- and yield levels offers a tool to measure the structural shift in detail. Most of the new and sustainable anchors in regional development of the Ruhr within the past two decades could not have been realized without private real estate investment on the one hand and improved skills of the local business development agencies on the other hand. The warehouse and the residential markets however show much less significant patterns in comparison among the Ruhr cities as well as compared to other German cities.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:zfwige:v:50:y:2006:i:1:p:181-191:n:18

DOI: 10.1515/zfw.2006.0018

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