RECORD RESULT AT HALF-YEAR MARK
After a successful start to the year with 68,000 m² of take-up, letting activity on the Cologne office market accelerated significantly pushing take-up to 164,000 m². This implies that the take-up volume has more than doubled compared to the previous quarter and totals a whopping 232,000 m² for the first half of 2022. The half-year result thus represents an absolute record for the last 10 years. It is only the second time ever that the 200,000 m² take-up mark has been exceeded in the first six months of the year. The result is also impressive 57 % above the long-term average (148,000 m²). The previous year's result was exceeded by a full 45 %. A major contribution to this was made by lettings above the 10,000 m² mark. These also include the large scale lettings of Bima with around 45,000 m² and the building management of the City of Cologne with around 40,000 m². In general, the size segments above 5,000 m² account for almost fifty percent of the half-year volume (113,500 m²) and thus more than twice as much as in the previous year. The highest volume was registered in the subcentres (111,500 m²) and in the city centre (62,700 m²).