PREVIOUS YEAR'S LEVEL REACHED DUE TO BETTER Q2

As in the first half of 2021, rather restrained market activity was observed on the Essen office market in the first half of the year. With a take-up of 40,000 m², the previous year's result was only just exceeded by 3%. The long-term average was thus missed once again, most recently by around 33 %. After the weak start to the year, however, the mid-year result is at least a partial success, as 29,000 m² take-up was registered in the second quarter alone, making it one of the stronger quarters since the outbreak of the Corona pandemic in spring 2020. A significant increase in letting activity in the small size segment between 200 and 500 m² contributed to the latest result. Nearly 28% of the Q2 volume is attributable to these smaller leases. A further 21% was contributed by a letting for around 6,000 m², which has also been the only deal beyond the 5,000 m² mark to date.

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