Trend neighborhood: Karlsruhe wants to build upwards for more living space
Housing remains scarce in the "city of fans". Demand will continue to exceed supply in the coming years. The city sees a solution in the expansion of existing properties.
Karlsruhe is proud of its recent construction projects in the city, with Claudia Steuer, vice branch manager at Peter Gross Bau, highlighting two major developments. The first is a pair of residential complexes in the Hoepfner-Areal, totaling 50 rental apartments, and the second is an ensemble in Waldstadt containing 116 apartments, along with a daycare center.
Both projects emphasized sustainable, low-CO₂ building practices, with the Hoepfner-Areal's wooden hybrid construction, featuring spacious balconies and terraces, being particularly appreciated. The area's accessibility to the city center and the Karlsruhe Institute of Technology made it ideal for residents who wish to avoid owning a car.
These apartments are rented out, commanding a premium price of 18 to 20 euros per square meter, significantly higher than the average rental rates in Karlsruhe. However, even with a string of new units, the city and surrounding county still face a significant housing shortage. Matthias Günther, CEO of the Pestel Institute, estimates Karlsruhe currently lacks around 5,100 apartments, while the county is short by 8,100.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
