At a Glance Q3 2022

Office market Dortmund

Büromarkt Dortmund


While the lowest take-up of the last 10 years was recorded on the Dortmund office market in the middle of the year with 28,000 m², the Ruhr metropolis managed the reversal of the trend in the third quarter. With a total take-up of 101,000 m² after the first three quarters, the already very good result of the previous year was surpassed by around 5%. Accordingly, it is not surprising that the interim result is a remarkable 53% above the long-term average. However, the main reason for the strong third quarter is the owner-occupier deal by the IT service provider Materna of 44,000 m² in the Phoenix West office market zone, an exceptional contract that drove the volume decisively upwards. This letting accounted for almost 44% of the total take-up in Dortmund's office market in the first nine months. Along with the industrial company Thyssenkrupp nucera, which was responsible for the second major deal of Q3 with 9,000 m² of take-up in the Stadtkrone Ost submarket, the two largest deals of the year so far occurred in the months between July and the end of September. Not least, these two contracts are an indicator of the attractiveness of the office market zones within Dortmund's Subcentres (84% of take-up), but also of the shortage of supply in the large-space segment in the central locations.

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