TAKE-UP INCRESES SIGNIFICANTLY COMPARED TO PREVIOUS YEAR
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By the end of the third quarter, the nationwide logistics market achieved a take-up of 4.3 million square metres, is 10% higher than the previous year's result. Following a subdued start to the year, the market gained momentum, with take-up rising to 1.5 million sqm in Q2 and 1.6 million sqm in Q3. Despite the ongoing weak economic environment, this result is very positive, even if it is still 14% below the ten-year average.
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Since the second quarter, there has been more activity and a better mood among companies on the market compared to the weak previous year. This is reflected, among other things, in a higher number of large-scale contracts and an increasing number of space requests. It is noteworthy that there is also greater demand for space from the e-commerce sector again.
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It is primarily the top logistics markets (Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg,, Leipzig and Munich) that are growing significantly compared to the same period last year, with an increase of 27% and a total take-up of 1.8 million square metres, which is only 4% below their long-term average. Frankfurt leads the ranking clearly with 399,000 sqm (+31% compared to the same period last year), followed by Berlin (320,000 sqm; +48%) and Hamburg (276,000 sqm; +55%). While Düsseldorf (227,000 sqm; +19%), Leipzig (226,000 sqm; +24%) and Munich (198,000 sqm, +72%) also recorded growth, Cologne was the only top market recording a decrease in take-up y-o-y. Last year’s strong result of 118,000 sqm was missed by 42%. By contrast, the Ruhr region already reached its annual take-up of 2024 by the end of September (357,000 sqm; +57%).