TAKE-UP AT STRONG PRIOR-YEAR LEVEL
In the first quarter, Leipzig's office market remained at the strong level of the previous year with a take-up of 27,000 sqm. The market is thus demonstrating consistency in its development and was once again able to surpass the long-term average by almost 14%. Due to this result, the Leipzig office market ratifys its stability in the ongoing Corona pandemic. The high proportion of lettings in size classes of 2,000 to 5,000 sqm, which account for around 44% of total take-up, is noteworthy. This exceptional result for mid-sized space shows that the Leipzig office market has a broad foundation gratitude to many small-scale lettings and do not depend on individual large deals.
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