FRANKFURT STRONGEST LOGISTICS MARKET WITH 464,000 SQM
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For the third year in a row, Frankfurt is positioning itself at the forefront of the competition between the most important German logistics markets. With the exception of the polycentric Ruhr region, which traditionally plays in its own league, no other German market achieves such high volumes. Of particular positive significance is the fact that take-up in Frankfurt rose by almost 14% year-on-year to a total of 464,000 sqm, falling short of the 10-year average by only around 13%.
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In particular, the strong quarters of q2 and q3, with take-up of 188,000 sqm and 148,000 sqm respectively, contributed significantly to the full-year result. The very tight schedule of contract signings in these months, especially in the segment over 10,000 sqm, could not be maintained in the fourth quarter, so that only a further 65,000 sqm were recorded at the end of the year. However, with more than 25,000 sqm, the lease of Aldi in a project development in Kelsterbach once again sent a strong signal shortly before the turn of the year.
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In no other location is the rent dynamic as pronounced as in Frankfurt. Over the course of the year, the prime rent in the market area rose by almost 11% to EUR 8.80 per sqm and the average rent rose by 10% to EUR 7.40 per sqm.