Hamburg – Hanseatic economic power in Germany
Hamburg is a free Hanseatic city and a separate German state. With over 1.8 million residents, it is the second-largest city in the Federal Republic. Hamburg is one of the most attractive business locations in Northern Europe and an important transportation, industrial, and commercial center. Among other things, the city is renowned for its gigantic port on the Elbe River.
Due to its proximity to a major port, Hamburg’s economy is characterized by foreign trade. The presence of renowned shipyards also pays tribute to its Hanseatic history. Outside foreign trade, the city is significantly influenced by the service sector, which accounts for about 45% of jobs. This sector includes companies involved with logistics, finance, and insurance, as well as the media and video games industry. In addition, many world-renowned retail companies have their headquarters here.
Business Centers in Hamburg: diverse advantages for your company headquarters
The city balances economic power and tourism. Destinations like Monckebergstrasse, Neuer Wall, and Jungfernstieg are a draw for international visitors. The same applies to districts steeped in histories, such as St. Georg, St. Pauli, and the Schanzenviertel. Attractions such as the fish market, the Reeperbahn, the Landungsbrucken, the Hamburg Michel, Miniaturwunderland, and the Elbphilharmonie are other favorite tourist destinations in Hamburg.
Although the service sector dominates Hamburg, the city is also an industrial center. That is highlighted at the Port of Hamburg, Europe’s second-largest port. Renowned companies such as Airbus, Aurubis, Nordex, and Senvion also contribute to the economic performance. Overall, according to the Chamber of Commerce report ‘‘Hamburg Economic Figures’’ the port city generates a proud 3.6% of Germany’s total economic output and grew by a significant 44.4% in gross value added between 2000 and 2016.
Many location factors speak for Hamburg as the perfect location for your company. That is why the city has also proven to be very attractive for foreign investors. So that you can also participate in the flourishing business in Hamburg, AllOfficeCenters will help you find the ideal business center as quickly as possible – without obligation and commission-free.