Upgrade Your Business Real Estate Report Rhine-Neckar 2019

Upgrade your business Real Estate Report Rhine-Neckar 2019 Real estate market Segments: Office, Industrial & Commercial, Retail as well as an overview of current development projects Conversion update Sustainable concepts for brownfield sites Portrait Districts of Frankenthal, Germersheim, Mannheim Neckar-Odenwald, Rhein-Pfalz www.standorte-rhein-neckar.de Dr. Christine Brockmann, Managing Director of Metropol- region Rhein-Neckar GmbH Dear Readers The Rhine-Neckar Metropolitan Region and its 2.4 million residents profit from a central location at the intersection of three federal states – Baden- Wuerttemberg, Hesse and Rhineland-Palatinate. As an international hub, it offers companies fast access to people, markets, and knowledge. This dynamic business environment is built on a foun- dation of both global players and successful SMEs. Supporting start-ups and innovative companies is a top priority here. The diversity of the region’s population is mirrored by its varied landscapes, cultural life, and savoir-vivre, which quickly cast their spell over visitors. This report on the commercial real estate Focus sector in the Rhine-Neckar Metropolitan Region 40 The conversion of brownfield sites provides key data on relevant sub-markets in the offers major development opportuni- ties in the Rhine-Neckar Region. region with the aim of enhancing market transparency. It sheds light on the office and retail markets as well as examining existing commercial and industrial spaces in the area. The strength, traditions, and attractions of the Rhine-Neckar Metropolitan Region are enticing a growing number of national and international investors. In partnership with bulwiengesa, this report is once again pleased to present the Title image region’s investment market. It focuses on trans- The eye-catching SkyAngle is the second actions in the following asset classes: office and building in the SKYLABS family and takes flex- commercial buildings, retail properties, hotels and ible segmentation to a new level. It will form part logistics facilities. This year’s issue will focus on the of a state-of-the-art office and laboratory building conversion of former military bases, infrastructure, at Max-Jarecki-Strasse 21 in Heidelberg’s Bahn- and other brownfield sites. stadt. The total of approx. 16,000 m² of rental space on five floors will be accessible via the We wish you a stimulating read! spacious lobby. Layouts of laboratory and office areas take account of individual tenant wishes in order to create the optimum working environment. High quality laboratory equipment and cutting- Dr. Christine Brockmann edge building technology make the building highly energy-efficient – in fact, it almost achieves the passive house standard. Title image: MRN / Tobias Schwerdt; Photo p.2: SKYLABS / Thilo Ross, p.3 top: Rhein-Neckar,bottom: Stadtmarketing Mannheim GmbH / Marcus Prosswitz, right: Kolb + Partner 2 Market Segment: Office 16 Companies focus on expansion. The low A strong alliance number of new premises 14 completed cannot satisfy The Rhine-Neckar Metropolitan the demand. Region unites 15 urban and rural districts – we take a closer look at five of them. Location Rhine-Neckar 4 A strong alliance: Introducing five The Rhine-Neckar Metropolitan urban and rural districts Region offers space for diversity Neckar-Odenwald 15 Investment Market 10 Frankenthal 30 Mixed-use properties gaining momentum among investors Mannheim 31 Market Segment: Office 16 Market Segment: Retail Germersheim 38 32 The top locations are highly Falling vacancy rates – rents prized by national and inter- continue to rise Rhein-Pfalz 39 national brands. Overview map 25 Glossary 43 Market Segment: Industrial & Commercial 28 The search for attractive areas Market Segment: Retail 32 Stable market with high purchasing power potential Focus 40 Conversion update – New developments, old sites 3 A creative approach to growth The Rhine-Neckar Metro- politan Region offers space for diversity More than 146,000 companies employing over 918,000 people generating total sales of €96billion 4 The Rhine-Neckar Metropolitan Region has a population of 2.4 million and is one of Germany’s top business locations. Its 15 urban and rural districts are both innovative and dynamic with an outstanding scientific land- scape, vibrant cultural life, attractive residential and shopping areas, and excellent leisure facilities. With a per capita GDP of €39,130, a gross value added of €96 billion and an export rate of 60 percent, the Rhine- Neckar Metropolitan Region is an economic powerhouse. Global players such as BASF, SAP, and Bilfinger sit side- by-side with SMEs and start-ups. Key sectors include biotechnology, IT, chemicals, automotive, mechanical engineering, and plant construction as well as cultural and creative industries. The unemployment rate has been falling for years in the Rhine-Neckar region; it now stands at just 4.4 percent. With its central location in the heart of Europe and excellent infrastructure, the region is well-connected. Award-winning innovation management Global processes of change require new approaches and new collaborations at the regional level as well. To promote this transformation, a regional innovation management scheme coordinates consulting and information services – providing extra support for SMEs. At the 8th Cluster Forum Baden-Wuerttemberg, Metropolregion Rhein- Neckar GmbH “Innovation Region MRN” was presented with the “Regional Innovation Management Award” by the Baden-Wuerttemberg Ministry of Economic Affairs. With this state financial support, the organisation can build focused networks that bring together the many XXXXXX Photo: MRN / Tobias Schwerdt innovators in the Rhine-Neckar Metropolitan Region and 5 Frankfurt am Main Wiesbaden O enbach am Main Mainz Darmstadt 22fast cycle pathkm from Mannheim to Heidelberg currently in the planning phase Main Ludwigshafen am Rhein Mannheim Heidelberg Neckar Heilbronn Rhein further expand its regional innovation strategy. The great innovative strength of the region is based on a high level Karlsruhe of education. Its workforce has one of the largest propor- Mannheim main rail- tions of highly qualified people in Germany: 16.7 percent way station – Paris of employees work in high-tech industries. The metropol- Pforzheim itan region’s 22 universities and around 30 internationally renowned research institutions, as well as its two univer- sity hospitalsStuttgart in Heidelberg and Mannheim, maintain close links with industry and thus ensure a broad transfer of knowledge. Mannheim2:59 main railway station – h Frankfurt International Airport Mobility – networked and sustainable Dynamic growth, and the associated mobility of people 0:30 h and goods, presents challenges for the Rhine-Neckar Metropolitan Region. This has inspired the cities of Mannheim, Heidelberg, and Ludwigshafen to develop a joint master plan for sustainable mobility. Their aim is to permanently improve the quality of life and air in these population centres and secure sustainable, emission-free mobility solutions for the future. Short- and medium-term projects focus on key areas such as digitisation, the elec- A central location and trification of transport and intelligent networking of local excellent infrastructure public transport systems, the promotion of cycling, and guarantee companies clear the further development of urban logistics. The big cities competitive advantages. have not been alone in recognising the importance of the topic. As part of the integrated mobility concept being developed in Landau, the town is planning to designate Map: VRRN Geodatabase: © GeoBasis-DE / BKG 2013 (data changed); Photo p.7: Schumm und Roesch 6 priority networks for various modes of transport. In future, these should create integrated routes for car, bicycle The region is home to a and pedestrian traffic and give priority to the respective means of transport. The “Future mobility concept for highly dynamic start-up the economic area Walldorf / Wiesloch” also identifies sector. Entrepreneurs goals and milestones for the enhancement of transport benefit from well-estab- networks. As well as important aspects of operational lished networks of local mobility management, this includes improving infrastructure for the region’s cyclists. stakeholders. Start-up hotspot Start-ups find comprehensive support in this region of medical-technical systems, and creative industries. In inventors and discoverers. Mannheim, Walldorf and Ludwigshafen, the TWL project “Freischwimmer” and the Greater Heidelberg area (Heidelberg, Hockenheim, Makerspace Rhein-Neckar have stimulated the growth of Leimen, Rhein-Neckar-Kreis, Schriesheim, Schwetz- an active start-up scene. “Startup Campus Ludwigshafen” ingen, Sinsheim, Weinheim, Wiesloch) were awarded the brings together budding entrepreneurs from throughout title of “Start-up Friendly Municipality 2018/2019” in the the city. The website, which primarily targets potential “Start-up BW Local” competition organised by the Baden- founders of start-up companies, creates transparency Wuerttemberg Ministry of Economic Affairs, Labour, and and facilitates contacts. Since the beginning of the year, Housing. Mannheim has created a start-up ecosystem Digital Hub Mannheim/Ludwigshafen Chemistry & Health with eight business incubators for target groups ranging has been building networks in the fields of chemistry and from the music industry to textiles, high-tech, industry 4.0, healthcare as well as strengthening the regional economy. business15

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