DEMAND FINDS NO SUPPLY – ONLY LOW TAKE-UP
For some time now, the Cologne logistics market has been suffering from an increasing shortage of supply, but in recent years it has always achieved good to very good take-up figures. In the first quarter of 2019, however, the market has to pay tribute to this tense situation: The registered take-up amounts to just 22,000 m². This is the lowest annual opening figure of all time and one of the weakest quarters in Cologne ever. However, this development was already apparent at the end of 2018, when after three strong quarters the result in the final quarter had fallen significantly. Demand remains high, but there is a lack of adequate supply throughout the city. This meant that only very few deals could be observed, of which the City of Cologne was the largest tenant: in the district of Kalk, a project development with around 8,100 m² was rented, which is to be used in future for the theatres of the City of Cologne.
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