Market Report Residential Helsinki, Espoo, Vantaa, Turku and Tampere Hma
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DEMO: MARKET REPORT RESIDENTIAL HELSINKI, ESPOO, VANTAA, TURKU AND TAMPERE HMA 2 HMA | SUBMARKETS 1 Kalasatama 16 Matinkylä Residential submarket 2 Pasila 17 Kilo-Kera Train station 3 Jätkäsaari 18 Kaitaa-Finnoo Train line Metro station 23 4 Lauttasaari 19 Espoonlahti-Kivenlahti Metro line Pitäjänmäki Suurpelto-Henttaa 5 20 Jokeri Light Rail stop 22 21 (under construction) Kaarela Tikkurila Jokeri Light Rail line 6 21 (under construction) 24 Helsinki Airport Oulunkylä Aviapolis 7 22 25 6 8 8 Malmi 23 Kivistö 7 9 Herttoniemi 24 Martinlaakso 14 17 13 Laajasalo Myyrmäki 5 10 25 9 2 12 11 Kruunuvuorenranta 20 15 Vuosaari 12 1 10 13 Haaga 11 16 4 3 14 Leppävaara 19 18 15 Tapiola-Niittykumpu 3 HELSINKI | LAUTTASAARI Inhabitants Growth since 2014 (p.a) Average age Share of unemployment* 24 500 2,1 % 41 5,0 % (633 000) (1,3 %) (40,5) (8,0 %) Share of people in the age groups A 0-17 18-39 40-64 65+ 17 % 36 % 29 % 18 % (17 %) (36 %) (30 %) (17 %) Share of people over 18 with an academic degree Average income of inhabitants* 55 % 3 100 €/month (38 %) (2 400) Households Average size of households 13 200 1,9 people (335 000) (1,9) Share of households living in rented dwellings Number of apartments Ongoing construction projects Lauttasaarentie 56 37 % 13 500 A Number of apartments 43 Completion date 2021/Q1 (52 %) (311 000) Developer YIT *Statistic from 2017 Number in brackets presents same information about Helsinki 4 HELSINKI | LAUTTASAARI Estimated rental level for new apartments (€/m²/month) Apartment share transactions, older stock (€/m²) Rooms 1. Quartile Median 3. Quartile 29,0 25,5 23,0 21,5 1 6 600 7 200 8 100 2 5 900 6 500 7 000 3 5 800 6 300 7 100 4+ 5 500 6 400 7 000 Apartment share transactions, newer stock (€/m²) Rooms 1. Quartile Median 3. Quartile 1 9 100 9 300 9 500 2 7 900 8 500 9 700 3 6 800 7 400 8 200 4+ 6 500 6 600 7 400 The western metro has improved the accessibility of Lauttasaari significantly. Rental observations, whole stock (€/m²/month) New construction is mostly done with infill development. Old, not so efficient buildings are Rooms 1. Quartile Median 3. Quartile demolished and more efficient residential buildings are built. 1 The development of a new residential area, Koivusaari, which is located in the western part 26 27,5 31 of Lauttasaari, will start in the upcoming years. A new plan is currently under work and 2 the construction work is estimated to start in 2022. Large part of the area under planning will be 21 23 24,5 on landfill areas. The plan proposal enables a new home for 5 000 inhabitants and workplaces for 3 4 000 workers. 18 22 22,5 SUMMARY 4+ 12,5 16,5 19 5 TURKU 6 TURKU | SUBMARKETS 26 Center 27 Kupittaa Residential submarket 28 Linnakaupunki Train station 29 Skanssi Train line 30 Southern Turku center 26 27 28 30 29 SUMMARY 7 TAMPERE 8 TAMPERE | SUBMARKETS 31 Center 32 Lielahti-Lentävänniemi Residential submarket 33 Kaleva Train station 34 Hervanta 32 Train line Ranta-Tampella Light Rail station 35 (under construction) Härmälä 38 35 Light Rail line, Phase I 36 (under construction) Hatanpää Light Rail line, Phase II 37 33 (under planning) 38 Santalahti-Pispala 31 37 36 34 SUMMARY 9 CONTACT Laura Vaskonen Olli Vuorinen Heikki Kangas Sales Sales Product owner [email protected] [email protected] [email protected] +358 50 514 3233 +358 44 061 0656 +358 50 320 9136 Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 2 000 co-workers spread across the seven Nordic and Baltic countries. In 2018, Newsec opened a London office to assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 60 billion under management and annually signs lease agreements of approx. 1 million square meters, manages transactions of some EUR 5 billion and does real estate valuations of underlying property worth almost EUR 175 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe. 10 THE FULL SERVICE PROPERTY HOUSE IN NORTHERN EUROPE OFFERS VISIONS AND MARKET DATA MAKE USE OF THE EVEN MORE DETAILED PROPERTY MARKET DATA! NEWSEC IN FINLAND NEWSEC NORDIC Browse our property outlooks on the metropolitan area office market and southern Finland Over 530 professionals 2 000 professionals logistics market, available for Annual turnover of Turnover of EUR 200 million download for a fee. EUR 34.6 million Properties valued at EUR 60 billion Order the Office sample report Properties valued at EUR 12 billion here or browse our web shop in asset management services in asset management services and buy the newest reports from www.marketreports.fi. Valuations EUR 25 billion valued annually Valuations of EUR 175 billion annually Leases concluded for 176,000 square meters Leases concluded for Give us feedback of current market reports and 1,000,000 square meters suggest new ones. Advising on real estate sales Feedback totaling EUR 790 million annually Advising on real estate transactions totaling EUR 5 billion annually Newsec Mannerheiminaukio 1 A PL 52, 00101 Helsinki Tel. +358 207 420 400 Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of [email protected] services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 2 000 co-workers spread across the seven Nordic and Baltic countries. In 2018, Newsec opened a London office to Contact details can be found at assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 60 billion under management www.newsec.fi/yhteystiedot/ and annually signs lease agreements of approx. 1 million square meters, manages transactions of some EUR 5 billion and does real estate valuations of underlying property worth almost EUR 175 billion. Thanks to large volumes, local presence combined with in- depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe. Follow us on LinkedIn! 11.