AVERAGE RESULT IN THE LONG TERM
The Munich market for logistics and warehouse space has started the new year with a solid result. At 48,000 m², the comparable figure of the previous year was exceeded by a good 14%, which means that the result is around the level of the long-term average (+1%). With more than 20 registered contracts, the market was extremely dynamic, which is clear evidence that the social and economic lockdown in the wake of the corona crisis, which has been in place since mid-March, has not yet had any noticeable impact on the first-quarter results. As the majority of the concluded contracts are negotiated with a considerable preparation period, it can therefore be assumed that this will not be the case until the middle of the year. The extent to which individual key figures, such as take-up, will actually reflect the overall economic downturn will also depend on how any temporary increases in demand from certain sectors compensate for a likely waiting attitude by other market participants.
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