Frankfurt is optimistic: construction activity is showing the first signs of recovery!

Frankfurt is optimistic: construction activity is showing the first signs of recovery!

The city of Frankfurt am Main is recording the first positive signs of a recovery in construction activity. According to the head of the planning department, Marcus Gwechenberger (SPD), there is a slight increase in consultations, which are of crucial importance in assessing future developments in the construction sector. However, to establish a sustainable trend, two to three months of observation are required hessenschau.de reported.

A total of 4,203 apartments were completed in Frankfurt in 2024, representing an increase of 15 percent compared to the previous year. This number shows that the city was able to break away from the general negative trend at the state and federal level. The number of approved apartments, however, fell by 30 percent to 2,266, which is due to a weak economy.

Investments and developments

Housing construction continues to be of central importance for the city. The approved construction sum exceeded the billion mark in 2022 and amounted to 1.025 billion euros, compared to 721 million euros in the previous year. Investments are spread across various sectors, including:

• 247 Millionen Euro in Wohnungen
• 208 Millionen Euro in Büros
• 195 Millionen Euro am Flughafen
• 149 Millionen Euro in Rechenzentren

In addition, construction on several large projects is about to begin. A significant project is the development of a new district in the northwest, which offers the potential for up to 7,000 apartments. Such developments are crucial to positioning Frankfurt as an attractive market for living space, offices and data centers augsburger- Allgemeine.de.

Overall, Frankfurt is well on the way to mastering the challenges in the construction sector, even if it still needs time to clearly define future developments and trends.