RECOVERY OF THE FIRST HALF OF THE YEAR BARELY SUSTAINED IN Q3
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Commercial properties with a volume of €771 million were traded on the Düsseldorf investment market in the first nine months of the year. While a transaction volume of over €320 million was recorded in each of the first two quarters, only €116 million was added in the third quarter.
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This makes Düsseldorf the only A-location with an investment volume slightly below the same period of the previous year. The 10-year average was missed by 58%.
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After a generally robust first half of the year, the Rhine metropolis slipped to sixth place in the third quarter, behind Cologne (€924 million) but ahead of Stuttgart (€423 million). A very low investment volume was observed across all asset classes in the weakening third quarter. Only transactions of less than €50 million were registered.
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As expected, net prime yields remained constant, as in all other top cities. There have therefore been no changes since the beginning of the year. The net prime yield for office buildings is still at 4.50% while the prime yield for warehouse and logistics assets is slightly lower at 4.25%. For high street retail properties in prime locations, the net prime yield remains at 3.95%.