CONSTANTLY HIGH ACTIVITY IN THE 2ND HALF OF THE YEAR
In a very challenging environment, the Düsseldorf office market ends 2021 with two strong final quarters and annual take-up of 314,000 m². Thus, the previous year's result is exceeded by a good 14%. The upward trend is attributable to the significant increase in market activity, for which a consistently high level of 104,000 and 102,000 m² can be noted in the last two quarters. Despite the revival in the leasing market at the end of the year, the result falls noticeably short of the long-term average (-18%). A total of just under 480 leases were registered in 2021, an increase of more than 100 leases compared to the prior year. The peak value of 2019 was only just missed (-6 %). This demonstrates a very high level of market activity in the Düsseldorf office market, with the majority of lettings being in the small-volume segment and large deals remaining the exception.