RECORD YEAR DESPITE PANDEMIC CONDITIONS
After the Dortmund office market was still clearly affected by the Corona pandemic in the previous year, a record result can be reported for 2021 despite the continuing difficult environment. In the first nine months of the year, the Dortmund market was already able to report above-average take-up, although the final quarter, with 63,000 m², outperformed all previous results. Supported by the major deal of Continentale Versicherungsverbund (26,500 m²), not only the best quarterly take-up in history could be registered, but also an annual result of 159,000 m² (including owner-occupiers). Thus, the current figure sets a new record by far and is 64% above the ten-year average. Although deals beyond 10,000 m² (3 in total) were clear drivers of take-up, the market is once again significantly above the long-term average in almost all size categories. This is a strong indication of a broad market foundation and speaks for a trend reversal in Dortmund.