AVERAGE RESULT AT HALF-YEAR
After a very good start into the year, the Leipzig office market, with a letting volume of 55,000 m², cannot repeat the record result of 2018 (-31%). Following two years of strong turnover, the outcome is slightly above the 10-year average (approx. 52,000 m²). The take-up volume can be explained in particular by the lack of major deals, as no deal with more than 5,000 m² has been concluded so far this year. This is mainly due to the shortage of large spaces with modern quality in the city locations. The largest letting up to now was made by the courier and logistics company FedEx Express Germany (3,300 m²). Another striking aspect is the broad distribution of space take-up across all office market zones, only the city centre stands out with just under 10,000 m².
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