GOOD START ON THE BASIS OF LARGE DEALS
With a stunning year-end result in the back, the Düsseldorf office market has also made a good start to the new year. At the end of the first three months of the year, take-up was 112,000 m², an increase of around 13% compared to the same quarter last year. The result even exceeds the long-term average by almost 22%. The size segment above 5,000 m² was particularly strong at the beginning of the year, which in total achieved the largest volume in the last ten years. But also smaller deals below 5,000 m² are responsible for more than 50% of the take-up. The quarterly result of the Rhine metropolis was therefore not affected by the Corona crisis, which is not least explained by the fact that all major deals were negotiated as usual over a longer period of up to one year and were concluded before the dynamic increase in the economic and social consequences of the worldwide COVID-19 spread.
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