WEAK START TO THE YEAR
The Frankfurt logistics and warehouse space market made a rather weak start to the new year. With a take-up of only 74,000 m² the previous year's result was missed by a good third. It is only for the second time in the last ten years, after 2011 (68,000 m²), that less than 100,000 m² of space was registered in the first three months of the year. Thus the long-term average was even undercut by 41%. However, there is no single causal reason for this decline. On the one hand, the generally weaker economic growth in 2019 and early 2020 certainly plays a certain role, as it was already reflected in the take-up towards the end of last year. On the other hand, a discrepancy between demand and supply could be observed especially in the first quarter. There was a strong demand for special properties, such as cold storage facilities or WGK-compatible facilities that are hardly available on the market at short notice. Whether the weaker result also reflects to some extent the initial effects of the corona crisis cannot be conclusively answered.
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