At a Glance Q3 2021

Office market Leipzig

Büromarkt Leipzig


The very positive development of the Leipzig office market continued impressively in the third quarter of 2021. Take-up of 113,000 m² sets a new record for the first nine months of the year. This is not only around 27% higher than the previous year's result, but also a good 31% above the long-term average. With 50,000 m² take-up in the third quarter alone, market activity once again gained considerable momentum. One of the factors responsible for the strong outocme was the Deutsche Post DHL deal (22,000 m²) in the periphery, which also represents one of the largest letting ever recorded in the Leipzig market area. However, the fact that not only the market segment of large deals is responsible for the extraordinarily good result becomes obvious when taking a look at the size classes of up to 1,000 m². Around 92% of the deals recorded to date are attributable to this market segment. And with take-up of around 57,000 m², those size categories reported an above-average result.

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