RECORD VOLUME IN THE FIRST HALF OF THE YEAR, TAKE-UP WELL ABOVE AVERAGE
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Despite challenging economic conditions, the Düsseldorf market for warehouse and logistics space exceeded 150,000 sqm in the first half of the year for the third time in five years. With a take-up of around 166,000 sqm, Düsseldorf is a strong 80% above the comparable figure from last year and exceeds the ten-year average by 47%. Only Hamburg and Düsseldorf achieved a similarly high increase nationwide. Historically, this result is the best in twenty years.
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With around 30 registered signings, the state capital of North Rhine-Westphalia is generally dynamic at the midpoint of the year. However, the results for the first half of the year must be interpreted differently: After an impressive start to the year (101,000 sqm), momentum slowed slightly in the second quarter. Never-theless, three deals in the midsize segment were recorded, with agreements signed by Solago (16,000 sqm in Düsseldorf), Sostmeier (11,200 sqm in Krefeld), and Hedas Int. Logistics (11,000 sqm in Neuss). Thus, a total of 65,000 sqm was generated between April and the end of June.
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Rents remained at the same level as in the first quarter. However, compared to the previous year, rents have risen noticeably – a result of high demand for high-quality, ESG-compliant spaces, while supply remains limited. The prime rent rose by 8% to €8.50 per sqm. The average rent also increased by 6% and currently stands at €6.90 per sqm.