 RIWIS Online - About the Data - Definitions and Additional Information | |||
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Retail Submarket | |
| Definition: Retail rents stated are net rents without accessory charges, and don't take incentives or other benefits into account. All rents refer to new lettings ideally for premises of about 100 sqm retail space, ground floor, step-free access, good building condition and a total length of shop windows of ca. 6m. Rents given are nominal values. Retail rents are differentiated into Prime Rents and Average Rents for city-centre (prime pitch, 1a-Lage), city (secondary locations, 1b-Lage) and suburban locations (Stadtteillage). The Prime Rent is defined as an average rent of the top 3-5 % of all lettings in each submarket, and not the most top rent realised. The Average Rent is an weighted average value of all rents within a submarket. All average values are not strict mathematical means, modes or medians, but rather describe a typical, common rent level for each submarket. Yields Net initial yields are average values for either prime locations or retail parks. Data: Source: The Retail Market Data is based on empirical research and data collection performed by bulwiengesa AG. In order to acquire the relevant base of information numerous real estate agents, banks, building associations, local economic development agencies and other semi-public and public organisations (IHK, Gutachterausschuss, ...) are interviewed. Additionally various press-releases and publications concerning the property market are analysed and taken into account.Based on this information and on the knowledge of bulwiengesa AG each value will be checked on plausibility and finally results in the value published in RIWIS. |