VERY GOOD MID-TERM RESULT
The mid-term take-up of the Berlin market for logistics (including the surrounding area) is impressive: The good start into the year was followed by an equally dynamic second quarter, with an outcome totalling around 270,000 m² at the middle of the year. Following the record set in the first half of 2017, this is the best result ever achieved and is also around 34% above the 10-year average. Take-up is also extraordinarily strong in a nationwide comparison. No other major logistics location provided more space for new users. Only Frankfurt, with around 259,000 m², achieves an almost comparable level. The very high number of contracts included in the result should also be highlighted. More than 80 deals, almost two thirds in the smallest segment of less than 3,000 m², testify the very broad-based demand. But there are some major deals to report as well. These include a 31,000 m² contract with an e-commerce company in Kiekebusch, Kühne & Nagel concluded an agreement for 20,000 m² in Oberkrämer and kfzteile24 in Ludwigsfelde (13,300 m²). Although the share of owner-occupier is traditionally low, it is even for the Berlin market unusually low at just 4% in the middle of this year.
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