ANOTHER STRONG START INTO THE YEAR
The Essen office market reported the third-strongest start to the year in the past 10 years with a take-up of 34,000 m². With a result of just under 26% above the long-term average, the outstanding full-year result of 2019 was thus followed up directly. Since the larger contracts were negotiated several months in advance, the corona crisis has not yet had any noticeable impact on the quarterly results. However, since mid-March, it has had an impact on large parts of social and economic life, so that the usual exchange of BNP Paribas Real Estate with some owners on current market events was in some cases not possible. It cannot therefore be ruled out that the quarterly result may even be several hundred square metres higher.
Read the full report by downloading the PDF document.