INVESTMENT VOLUME REMAINS LOW, AS EXPECTED
With an investment volume of € 461 million in the first half of 2023, the Düsseldorf market achieved as expected a below-average result, which is three quarters under the previous year's figure. The ten-year average was also undercut by almost 60%. Consequently, Düsseldorf's performance is currently similar to all other major investment locations. This is primarily due to the combination of a still difficult financing landscape and a currently weak economy. The pricing phase, which has not yet been completed, combined with weak results on the occupier markets - especially the office segment - is adding uncertainty among investors, resulting in a much more restrained level of market activity. Given this background, it is not surprising that in the first half of the year only one large-volume deal has been registered so far, consisting of the "Areal Böhler" transaction for more than € 150 million.