LACK OF SUPPLY IS REFLECTED IN TAKE-UP
After the Cologne market for warehouse and logistics space showed only very little market activity in the first half of 2019, this trend continued seamlessly in the third quarter. With a take-up of 88,000 m², this is the second lowest volume ever registered. In comparison: at 196,000 m², the relatively strong result of the previous year was more than twice as high and the ten-year average is also undercut by a whopping 40%. As in many other logistics agglomerations, the reason for the weak performance is a lack of available space of good quality, especially in the large-volume segment. The fact that only one contract in the segment above 12,000 m² has been registered over the course of the year is a clear evidence for this.
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