WEAK RESULT DESPITE DYNAMIC MARKET ACTIVITY
With a take-up of 76,000 m² at mid-year, the Düsseldorf logistics market achieved a comparatively weak result, which remained almost 13% behind the previous year. The figure is the lowest half-year result since 2010 and misses the long-term average by a full 30%. Nevertheless, the modest performance is not due to a downturn in market dynamics. With 20 contracts, the same number as in the same period of the previous year could be registered, only the scale of the transactions has changed: While the majority of market activity in the past fell into the mid-size segment, 85% of contracts were concluded in the segment under 3,000 m² at the end of the first half of 2019. A good 45% are even smaller than 1,000 m². Despite the structural shift, however, one major transaction could also be recorded: The online retailer Reuter is building a 30,000 m² logistics centre in Mönchengladbach.
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