NEW RECORD AFTER NINE MONTHS
After dynamic market activity in the first half of the year, the Cologne logistics market seamlessly continued this development in the third quarter. With a take-up of 276,000 m² in the first nine months of the year, a new record was set, which exceeded the ten-year average by a strong 83 %. In the third quarter alone, 128,000 m² of logistics space was taken up, so that by the end of September the volume is already higher than the end-of-year results between 2015 and 2020. This means that the Cologne logistics market is very robust in the face of the economic consequences of the Corona pandemic and can even benefit from the increased demand for space in the e-commerce sector. The high new-build share of take-up of around 58 % underlines the increased demand for logistics space with modern equipment quality.