New use for the former Café Jansen: conversion into apartments in Bad Honnef

New use for the former Café Jansen: conversion into apartments in Bad Honnef

According to a report from honnef-heute.de, in Bad Honnef a property at Hauptstrasse 98 appears to be finding a new use. The rooms of the former “Café Jansen” could not be rented out again as commercial space and have been empty since it was closed in 2019. Now a construction site sign indicates that a change of use from commercial space to apartments is planned. Four apartments are to be built by spring 2024, and the conversion will be supervised by Lutz Architekten GmbH. The client is Heinz-Hermann Jansen Verwaltungs GmbH, Bad Honnef.

This change in Bad Honnef's real estate market could have various effects. On the one hand, it could mean a positive change for the housing-intensive demand in the area. If the former commercial spaces are converted into apartments, this could help alleviate the housing shortage and increase the supply of housing. This in turn could lead to a stabilization or even reduction in rental prices as the supply of living space could better meet demand.

On the other hand, the conversion of commercial to residential space could also have an impact on the commercial real estate industry. If more and more former commercial space is converted into housing, this could lead to a decline in the supply of commercial property. This, in turn, could drive up prices for commercial space and potentially lead to an imbalance in the commercial real estate market.

Ultimately, the exact impact of this change on Bad Honnef's real estate market will depend on how the balance of supply and demand develops in both the residential and commercial sectors. It will be interesting to see how this develops in the coming years.