TAKE-UP REACHES NEW TOP LEVEL
The German market for warehouse and logistics space continues to run at full speed. In the course of 2021, transaction activity has accelerated from quarter to quarter, so that by the end of September a total take-up (incl. owner-occupiers) of almost 6 million m² was registered. For the first time, the 6-million-square-metre threshold was almost reached after only three quarters of a year. Compared to the good result in the same period of the previous year, this corresponds to an increase of 19 % and the ten-year average was exceeded by around 27 %. In addition to the continuing recovery of the German economy, there are two main factors responsible for this development. On the one hand, the continuing boom in e-commerce is driving take-up significantly, and on the other hand, more and more industrial companies are restructuring their supply chains. Against the backdrop of supply bottlenecks for primary products, especially from the Asian region, many companies are deciding to relocate storage and production capacities to the domestic market in order to reduce global dependencies and become more crisis-resistant overall.