Microanalysis real estate market Berlin
Housing report Reinickendorf
Reinickendorf covers everything from rural idyll up to the urban way of living. Frohnau and Hermsdorf are known as the green neighborhoods with many mansions. Lübars has a rural character of living. Konradshöhe, Heiligensee and Tegel are located alongside the river Havel and at the lake Tegler See. In both urban districts (Tegel and Reinickendorf) a mixture of buildings in the Wilhelminian style and from other different centuries can be found. The building density in the center of Tegel is quite closed. Between 1920 and 1965 multiple dwellings were built all around Eichborndamm, Residenzstraße and Alt-Reinickendorf. An economic architecture was used to save money. The settlement “Weiße Stadt” (white city) was built during the golden twenties accordingly to plans by the architect Otto Rudolf Salvisberg. In 2008 the settlement became one of the six UNESCO World Heritage settlements in Berlin.
The construction work of the large settlement “Märkisches Viertel” ended in 1974 and is an urban district today. The settlement is home to 36.000 people, has 12 schools located around as well as a shopping center.
Properties in Berlin Reinickendorf
Property prices in Reinickendorf are heterogeneous. Simple residential areas in the district comprise the districts of Alt-Reinickendorf, Borsigwalde, the Märkisches Viertel, Saatwinkel and Schulzendorf. In these locations, the average offer price is approx. EUR 2,750/sqm.
The central residential area comprises the districts of Waidmannslust, Wittenau, Heiligensee, Lübars and Tegel, with around EUR 3,100/sqm.
Hermsdorf (EUR 3,700/sqm), Frohnau (EUR 4,050/sqm) and Konradshöhe (EUR 3,300/sqm) are the good residential areas of the district.
Housing prices in simple and good residential areas in Reinickendorf are growing moderately. Despite the effects of the neighbouring airport TXL, there is good demand for these locations.
In the northern suburbs of Frohnau, Hermsdorf, Heiligensee and Konradshöhe, single-family houses and villas dominate. Frohnau has the second highest net household income in Berlin at around 4,450 euros.
Reinickendorf: Influx and outflux European Union 2017
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Reinickendorf: base for industry and trade
Reinickendorf continues to play an important role as an industrial location with more than 9.000 businesses currently based there. They all have a positive impact on the employment trend and Berlin’s social product. Industrial locations are for example at Kurt-Schumacher-Platz, Oranienburger Straße, Quickborner Straße, Flohrstraße and Kühnemannstraße. Companies like ALBA, BSR and Berliner Seilfabrik are based in Flottenstraße. Also working in Reinickendorf: the elevator manufacturer OTIS, candy producer Storck and Staatliche Münze Berlin. More than 250 companies are given the best conditions for corporations and synergies at the center for technology and development at “Am Borsigturm”. According to information provided by the Department for Statistics Berlin Brandenburg 52 manufacturing businesses employed 9.564 employees in 2015.
Comparing rental prices for office space in Berlin shows that Reinickendorf has the lowest prices to offer. In 2015 the average rental price for an office was at 7,60€/sqm. One year earlier the price was at 7,50€/sqm, which means a moderate increase of rental prices of 1,3 percent.
The economic development of Reinickendorf expresses how the district has changed over the decades. Industrial parks are located between residential areas. They were the origin of the industrialization and still are base for high-tech developments of today. On a real estate of the size of 22,5 hectare the “Borsikwerk” (the production plant of the company Borsig) was built in 1898. Housing for the 5.000 workers of the company was built at the same time and is known as the settlement “Borsigwalde”. With the beginning of the 90s the metal processing stopped and the production site got transformed in today’s shopping mall “Hallen am Borsigturm”. Today the settlement Borsigwalde is a family friendly area with various schools and other educational institutions and a well-developed infrastructure. Fifty percent of the architecture here is landmarked.
Post-modern living quarters and a library were built during the international construction exhibit between 1984- 1987 on the former area of the industrial harbor of Tegel. The architecture southern of the Tegler harbor consists of town mansions with 4- 6 apartments, 3 so called “Wohnschlangen” and one “Wohnhof”. The 351 apartments were part of the social house-building project.
Tegel: location of the future
The reuse approaches of Berlin’s airport area once it has been shut down are quite positive for the development of the city. An industrial- and research park with the concept “Urban Technologies” is planned for the 490-hectare large area. Focus will be put on research, development and the production of environmental friendly technologies going hand in hand with a sustainable urban development. Research institutions are going to cover the topics energy, technologies for buildings, mobility, recycling, water and information and communication technologies. It is also planned to open facilities of the Beuth academy and of the Technische Universität of Berlin.
Considering the economic development of the land and city, Tegel is one of the Berlin’s most important locations of the future. And the best conditions are already given as Tegel has an excellent infrastructure and is close to the City-West and its science and research locations.
The green north: living in Reinickendorf
Forests, parks and water: Reinickendorf has all of it. A popular destination is the Greenwichpromenade, which goes along the 5 sq km lake "Tegeler See". Hermsdorf, Frohnau, Konradshöhe, Heiligensee and Tegel are all neighboring the Berliner forest. Greened areas are part of most settlements in Reinickendorf. 8 percent of Reinickendorf's surface consists of parks.
Even though Reinickendorf implements a rural atmosphere there is a variety of public institutions with the character of a big town. A well-developed infrastructure is given thanks to many kindergartens and 60 schools. Children and teenagers can spend their free time on one of the round 70 playgrounds, art academies, music-schools and sports clubs.
The traffic infrastructure is also developed really well: access to public transport systems, the highway A 111 and Bundesstraße 96 take residents and visitors to the inner city within short time.
About 262.000 people are currently living in Reinickendorf with an average age of 45 years. Until 2030 a population growth of 9,4 percent is expected by the Senates Administration for urban development and environment.