STRONG THIRD QUARTER
While a slight downturn in the Berlin market (including surrounding areas) for warehouse and logistics space was still discernible in the middle of the year, market activity gained considerable momentum again in the third quarter. In the past three months, a take-up of 163,000 m² was achieved, more than in any third quarter ever before. However, one major deal pushed the latest noticeably: ECE has found a long-term user for the new logistics centre in Königs Wusterhausen where Ceva Logistics signed a 54,000 m² contract. By the end of September some 294,000 m² was leased. Although this is 24 % below the outstanding result of the previous year (385,000 m²), it is still within the long-term range. Overall, the market proves very dynamic with the number of signed contracts now standing at 90 and thus clearly above average. However, smaller deals are now accounting for higher letting volumes than just a few years ago.
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