Scandal in Starnberg: Seearkaden underground car park is said to be blowing up rents!

Scandal in Starnberg: Seearkaden underground car park is said to be blowing up rents!

In Starnberg, one of the most expensive real estate markets in Germany, the current discussion about rental prices for underground parking spaces is causing a stir. When Tatar Holding, a company from Paderborn, took over the “Seearkaden”, a monthly price of 500 euros for a parking space was planned from August 1st. This offer would have even exceeded the tariffs for long-term parking spaces at Munich Airport and would have been associated with a record price. In the past, however, tenants only had to pay between 75 and 85 euros, which made the planned price increase all the more shocking South German newspaper reported.

After strong protests from tenants, Tatar Holding finally reduced the price for the parking spaces to 150 to 200 euros. But despite the improvements, it remains unclear what long-term plans the company has for the “sea arcades,” which are in dire need of renovation. The complex, which was sold by R+V Versicherung just over a year ago for around 15 million euros, is struggling with a significant maintenance backlog. The condition of the underground car park is so bad that half of the 160 parking spaces are already unusable. Water accumulation and a musty smell are just some of the problematic aspects that tenants complain about.

Renovation and redesign in prospect

Tatar Holding has announced that it will carry out energy upgrades and renovation measures. The large underground car park area has also been closed for months and there have been reports of drug dealing in the unused areas. Despite these challenges, Tatar Holding plans not to evict the affected tenants from the ordered parts of the building during the renovation. This is seen by some as a positive accommodation.

The termination of the rental agreements, which is due to take effect on July 31, was considered necessary in order to carry out a new lease in line with the market. However, the legal situation must not be ignored here, as legal measures such as rent controls and rent caps influence prices. Experts point out that in urban areas, such as in Starnberg, the relationship between supply and demand has a significant influence on rental price developments. The influx of people through migration and internal migration further increases this effect, according to analyzes by Engel & Völkers.

Current situation and forecasts

While the situation for tenants remains tense, some have already organized alternative parking spaces or are considering moving out of Starnberg entirely. Finding a suitable parking space is becoming increasingly difficult, especially in popular residential areas where the demand for parking is constantly increasing. In addition to the now reduced prices, there are still other providers in the Starnberg area who offer a rental overview for garages and can make the search easier, such as Real estate scout24 shows.

It will be interesting to see how the situation develops and what that means for local rental prices and the quality of life of residents in Starnberg. It is clear that Tatar Holding's dealings with tenants and planned construction projects should be monitored like a hawk. The course for the future has not yet been finally set.