MARKET IN Q2 NOTICEABLY RESTRAINED
After a very lively start to the year on the German logistics and warehouse space markets, market activity was, as expected, much more subdued in the second quarter due to the corona crisis. It is therefore hardly surprising that the currently registered nationwide take-up of 2.73 million m² marks the weakest half-year result since 2014 and is a good 17% below the record result of the previous year. However, a glance at the long-term comparison reveals that this is less a slump in the market as a whole than a dent in the take-up figures. Thus the result is just about 6% below the 10-year average. This can be attributed to the fact that although export-oriented industries in particular have felt the full force of the crisis, these losses are largely compensated for by the general trends in the logistics industry, such as the growing importance of e-commerce.
Read the full report by downloading the PDF document.