LOCKDOWN AFFECTS THE OFFICE MARKET
Because of the Corona pandemic in the first half of 2020, the positive trend observed in the Dortmund office market in recent years was temporarily interrupted. With a take-up of 29,000 m², a result around 26% below the long-term average was recorded. Against the backdrop of the lockdown lasting for weeks and the uncertainties of the forthcoming recession, this is not surprising, as many companies have postponed planned lettings of new office space for the time being, resulting in a temporary drop in demand. This development is specifically evident in the size segment with a volume of over 5,000 m², which has almost always made a significant contribution to the result in recent years, but which did not yet record a deal in the first half of 2020. Despite the temporary decline in demand, no rent adjustment is expected in the upcoming quarters due to the current low vacancy level.
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