At a Glance Q3 2019

Office market Leipzig

Büromarkt Leipzig

VERY STRONG TAKE-UP IN THE THIRD QUARTER

After the solid half-year result on the Leipzig office market, an impressive volume of 108,000 m² was recorded at the end of the third quarter. This result is almost at the same level of the previous year (-2%) and exceeds the long-term average by an incredible 37%. For the second year in a row, the Saxon metropolis has thus been able to report an outcome in excess of the 100,000 m² mark after only nine months. The result was possible due to several major deals that were missing in the first half of the year. The three largest contracts of the year to date were all concluded in the third quarter. The balanced distribution of the volume over the entire market area continues to be remarkable, with the City Centre once again demonstrating its position as the most important office submarket with almost 17% of the take-up.

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