LIVELY START TO THE YEAR ON THE LOGISTICS MARKET
The Düsseldorf market for warehouse and logistics space made a successful start in the first three months of the year and achieved the third-best Q1 result ever with a take-up of 52,000 m². Only in 2011 and 2017, take-up was even higher at 62,000 m². In comparison to the same period of the previous year, the increase is a whopping 40.5% whereas the average of the last 10 years was exceeded by as much as 16%. In terms of contracts concluded, too, the trend points clearly upwards. No less than 13 contracts are evidence of the extraordinarily dynamic market development. For comparison: In the first quarter of 2019 only six contracts were concluded. However, the pleasing Q1 result was also made possible by a slight easing of the supply situation due to some speculatively constructed properties. In fact, a good 70% of take-up are accounted for by first-time occupants, which proves that modern logistics properties are absorbed relatively quickly by a robust demand side. However, this should not hide the fact that there is still a lack of adequate space with modern facilities in many places.
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