TAKE-UP CLOSE TO THE TEN-YEAR AVERAGE
Take-up in the first quarter is more or less at the level of the ten-year average. At 741,000 m², the extraordinary result of the previous year was missed, as expected. However, the decline was more noticeable than predicted at the beginning of the year. Several reasons are responsible for this. Firstly, the figures reflect the restrained economic growth in 2019. On the other hand, the continuing lack of supply, especially in the modern market segment, plays a certain role, as not all requests can be realised at short notice. And in addition, some leases were put on hold in the last weeks of the quarter due to the Corona crisis. In contrast, the current figures for space supply and rents do not yet reflect the crisis.
Read the full report by downloading the PDF document.