STRONG RESULT AT THE END OF THE THIRD QUARTER
- Despite the economic downturn, Leipzig's logistics market has remained very solid so far this year. Although the strong result of the previous year was missed by around 14 %, the 264,000 m² currently registered corresponds to the third-best result of the past 10 years. Accordingly, the current interim result exceeds the long-term average by almost a third.
- Even though demand for logistics space continues to be very robust in almost all sectors, one segment in particular is currently standing out: driven by the shift towards e-mobility, many car manufacturers are expanding their logistics capacities for e-components such as batteries. With the leasing of 86,000 m² by a German premium manufacturer in Bitterfeld-Wolfen and the start of construction of a BMW logistics centre in Industriepark Nord (35,000 m²), the two largest deals of the year are in this sector.
- The rent level increased once again in the third quarter. The top rent is currently 5.80 €/m² (+20 cents compared to Q2) and the average rent stands at 4.70 €/m² (+25 cents).
PRODUCTION COMPANIES CONTRIBUTE MORE THAN HALF OF TAKE-UP
- The distribution of take-up by sector impressively reflects the large lettings from the automotive segment. Production companies currently account for around two-thirds of take-up, which is a new record both in relative and absolute terms. In addition, only logistics firms still contribute a noteworthy 23.5 % of take-up. Wholesale/retail companies, which are usually strongly represented in Leipzig, have hardly made an appearance so far with a share of 3 %.
- Driven by the aforementioned deals, completions above the 20,000 m² mark set a new record with around 142,000 m². However, the fact that the solid performance of the Leipzig logistics market is not based solely on a few large deals is particularly evident from the fact that a high number of small deals below 3,000 m² also set a new record in this segment (27,000 m²).
- While the owner-occupier share of 19 % is in line with the average of the last five years, the share of new builds is well above average at around 70 %.