The federal state of North Rhine-Westphalia (NRW) is an attractive business location for all German, continental, and global markets thanks to its location and excellent transport links from north to south and east to west.
Germany's strongest federal state in economic terms is characterized by its major players in the mechanical engineering, chemical, and metalworking industries. The automotive industry, food production, and beer brewing are also important economic sectors in North Rhine-Westphalia. The service sector should not be forgotten here either. Sectors such as real estate, trade, and tourism are increasingly contributing to the economic success of North Rhine-Westphalia. Taking the city of Bonn as an example, "the service sector has a floor space turnover of approximately 18,400 square meters of brokered office space."
The state's excellent infrastructure also makes it an ideal central transport hub. Six airports, high-speed ICE rail links and the associated rail network make it a hub for national and international trade routes. North Rhine-Westphalia also has a dense motorway network.
Trade fair cities such as Aachen, Cologne, Düsseldorf, Essen, and Dortmund offer suitable venues for trade. For example, Gamescom, the world's largest trade fair for computer and video games, is held annually at the Cologne Exhibition Center.
Looking at the Big 7 real estate markets in Germany, two cities in North Rhine-Westphalia are included: Cologne and Düsseldorf. Regular movements are recorded and important key figures are analyzed.
The state of North Rhine-Westphalia at a glance:
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Düsseldorf |
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5 administrative districts, 30 counties, 22 independent cities, 374 municipalities and towns belonging to counties |
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17.91 million inhabitants, rising |
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521 inhabitants/km |
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6.8 |
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705.07 billion euros |
With us, you don't just search—with Larbig & Mortag Immobilien, you find the right place for your new commercial property in North Rhine-Westphalia. Whether you're looking for an office, loft, practice, shop, restaurant, warehouse, or investment property, we can help. In addition, Larbig & Mortag has deep regional ties and offers national and international connections through the NAI apollo group network."
1.2 See Larbig & Mortag: Office rental market, first half of 2019