High Potential for Innovation
Gera’s location in the triangle formed by the three states of Thuringia, Saxony, and Saxony-Anhalt is increasingly an advantage in driving the city’s development. Modern technology-driven companies – e.g. in the med-tech, microelectronics, software engineering and optics industries – are among the businesses that have settled here. Reasons include low wages and labour costs, reasonable land and real estate prices, and low utility and waste disposal costs.
| Units | 9,169 |
| Floor area sqm | 531,723 |
| IFRS book value 12/31/2023 in EUR m | 402.4 |
| Gross yield in % | 8.2 |
| Vacancy 12/31/2023 in % | 2.0 |
| Vacancy* 12/31/2022 in % | 3.9 |
| Net actual rent EUR/sqm | 5.28 |
| Reletting rent EUR/sqm | 5.53 |
| L-f-I rental-growth EUR/sqm (y-o-y) % | 1.7 |
| L-f-I rental-growth total** (y-o-y) % | 3.8 |
| Maintenance EUR/sqm | 6.33 |
| Capex EUR/sqm | 10.53 |