NEW TAKE-UP RECORD ON THE LOGISTICS MARKET
Not only the office and investment markets are booming in Berlin, but also the logistics market (including the surrounding area) is setting a new record at the end of the third quarter of 2019. At around 385,000 m², take-up exceeds the previous year's figure by more than half. The 10-year average was also surpassed by a good 33%. Like almost no other market, Berlin is driven by a very broad-based demand, which is confirmed both by the distribution of take-up by sector and by size category. A total of more than 120 contracts were counted, doubling the previous year's figure. Although only a few large contracts were recorded, these were all the more significant, such as the 31,000 m² deal of an e-commerce company in Kiekebusch or the 20,000 m² deal of Kühne & Nagel in Oberkrämer. While the share of new buildings has risen by almost 50% compared to the previous year, owner-occupiers continue to make only a small contribution, at just under 6%.
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