FULMINANT SECOND QUARTER
After a relatively restrained start into the year the Essen office market has accelerated enormously in the second quarter and set up the best quarterly outcome ever registered with 71,000 m². As a result, a new half-year record was achieved with a take-up of 96,000 m², exceeding the already good result of the previous year by almost one third and the ten-year average by almost 60%. As usual, such outstanding volumes always require large deals, which were completely missing in the first three months of the year. In contrast, two major deals were concluded in the second quarter: the owner-occupier deal by Aldi Einkauf GmbH (17,600 m²) and a lease by Hochtief Engineering GmbH (15,800 m²). Nevertheless, the proportion of large-area contracts is not disproportionately high in a long-term comparison, which suggests that demand in all market segments has contributed to this extraordinary take-up.
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