MAJOR DEAL SETS A NEW TAKE-UP RECORD
With a take-up of 391,000 m², the Munich logistics and warehouse space market set a new record and almost tripled the comparable result of the previous year. Munich has thus taken the lead among all the major German logistics hubs. However, it should be noted that this extraordinary result is essentially the outcome of a single major deal: Almost 60% (230,000 m²) of the take-up is generated by a lease from KrausMaffei in Vaterstetten, whose new headquarters is being built there. Without this unique transaction, the remaining take-up would amount to 161,000 m², which would fall short of the ten-year average by around 11%. The basic problem of the market thus continues to persist: due to an insufficient supply of both modern existing space and development land, a number of major rental requests cannot currently be met. Among the most important contracts were also leases from US company Xylem (15,000 m²) in Weilheim, Messring (7,200 m²) in Weßling and online retailer BSTN Store in Baierbrunn (6,000 m²). In Odelzhausen, owner-occupier Noerpel Group contributes 9,800 m² to the result.
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