YEARLY KICK-OFF WITH STILL A LOT OF POTENTIAL
With a take-up of 35,000 m², the Leipzig warehouse and logistics space market is starting the year 2019 with a moderate outcome. Although a significant increase compared to the weak quarter of the previous year (+75 %) can be observed, the result is still 31 %below the 10-year average. If this result is put into a nationwide context, Leipzig is not the only region with a restrained start this year. The reasons for the Leipzig result are on the one hand the lack of large deals, which is essentially due to the insufficient supply of quickly available large areas. On the other hand, owner-occupiers are yet reserved. The rental of 18,000 m² by the logistic company Dematic is by far the largest contract. At a good 52 %, this letting also had a significant impact on the total take-up of the quarter. It is also noteworthy that owner-occupiers only contributed around 17 % to the volume, the lowest share in the last five years.
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