ABOVE-AVERAGE START TO THE YEAR
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The Leipzig warehouse and logistics market achieved take-up of 73,000 sqm in the first three months of the year. This result not only represents an increase of 18% on the previous year, but is also 40% above the ten-year average.
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A slight increase in larger contracts made a significant contribution to this positive result. Two lettings in Kabelsketal should be mentioned here in particular: the company BravoBike, which belongs to the JobRad Group, rented around 21,000 sqm and the logistics company Elflein Logistik rented 17,400 sqm.
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In addition to a low owner-occupier share of 16%, it is striking that the share of new builds in the first quarter is still at a very low level at 11% of take-up, while the ten-year average for this segment is almost 60%.
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Despite the good result, the difficult economic conditions are still noticeable on the Leipzig logistics market. Although a slight improvement in sentiment is noticeable on the demand side, the willingness to conclude contracts remains somewhat restrained. At the same time, the supply has increased, particularly in the periphery, due to a number of speculative new-build properties.
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Against this backdrop, the prime rent is under pressure and has fallen to €5.70 per sqm. The average rent remains unchanged compared to the end of 2024 at €5.10 per sqm.