AVERAGE START INTO THE YEAR
At the beginning of the year, the Essen office market was not able to seamlessly tie in with the outstanding previous year, but nevertheless achieved a respectable result. At 25,000 m², around 52 % less space was taken up than in the record quarter of the previous year, but the volume is only around 4 % below the long-term average. Another above-average result was missed, primarily due to the lack of large transactions with more than 10,000 m². The biggest letting contract of the first quarter was concluded by Karstadt with 8,000 m². As a result of this transaction, the City Fringe Rüttenscheid/Bredeney once again took the lead in the ranking of submarkets with a share of just under 41 %, closely followed by the Südviertel (approx. 40 %).
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