TAKE-UP A GOOD THIRD BELOW PREVIOUS YEAR'S FIGURE
As expected, the Corona situation and the lockdown continue to have an impact on the office markets in the third quarter. Although an increase of 16% was recorded from July to September to 644,000 m² compared to Q2, in which the lockdown took place, the total take-up of almost 2 million m² in the first three quarters was almost 36% lower than in 2019. However, against the background of the almost double-digit GDP decline in Q2 and the difficult economic situation of many companies, demand was expected to remain very restrained. If the ten-year average is taken into account, the result is "only" 21% lower. It should also be mentioned that during the financial crisis in 2009, a decline of almost 30% in take-up was recorded, too.
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