ABOVE-AVERAGE RESULT IN 2023
- The warehouse and logistics market Düsseldorf recorded a take-up of 294,000 m² in 2023. A strong final quarter ensured a result that was around 6 % above the long-term average and 14 % above the previous year's strong result.
- The new-build segment contributes a high share of 60 % (around 176,000 m²) to the result. Nevertheless, only a low level of speculative new construction activity is currently being observed. Against the backdrop of continued solid demand, the short-term availability of large modern halls represents a major problem. Users are increasingly responding with longer letting processes, which might have prevented an even better result for 2023.
- Excess demand and higher prices have led to increased rent levels. At the end of the fourth quarter, the prime rent stood at 7.90 €/m², around +10 % higher than in the same quarter of the previous year. The average rent has risen by +6 % to currently 6.20 €/m².
LOGISTICS FIRMS WITH 50 % OF TAKE-UP
- Logistics firms contributed the largest share of take-up at 50 % (10-years average: 40 %) or a volume of around 146,000 m². Retail companies followed in second place with a share of 27 %, which, however, represents a below-average result in a long-term comparison (40 %).
- In addition to the largest deals of the year by GXO Logistics in Dormagen (32,200 m²) and Engemann in Hilden (17,000 m²), the final quarter also recorded major deals by the trading company HW-Inox GmbH in Ratingen and Papp Logistics in Mönchengladbach for 20,000 m² each as well as the logistics firm Wehner Fulfillment Logistics in Langenfeld (14,400 m²).
- The focus of take-up consequently centred on the 12,000 and 20,000 m² size category with a far above-average share of 35 % (10-years average: 18 %). A further 22 % is attributable to contracts in the medium size category between 8,000 and 12,000 m².