MODERATE MARKET ACTIVITY ALSO IN THE THIRD QUARTER
Just as in the first half of 2021, the Essen office market recorded rather restrained market activity in the third quarter. With around 57,000 m² of take-up by the end of September, the previous year's result was missed by around 14% and at the same time is almost one third below the long-term average. In particular, the current letting volume reflects the lack of major deals to date. By the end of September, only one deal in the segment of above 5,000 m² was registered. In contrast, dynamic leasing activity was observed in the small to mid-size categories. With a result of around 27,000 m², deals in the size segment of 200 to 1,000 m² even showed an above-average performance.