LOW TAKE-UP IN FIRST QUARTER
The Leipzig logistics market experienced a very restrained first quarter. The currently registered take-up of 24,000 m² corresponds to the third weakest start to the year in the last ten years and is almost 53% below the long-term average. Even the already weak result of the previous year was undercut by a good 31%. The main reason for this result is the lack of major contracts to date, which is causing frequent noticeable fluctuations in take-up on the Leipzig market. A significant connection with the consequences of the social and economic lockdown in the wake of the Corona crisis, which has been in place since mid-March, cannot be drawn. The majority of the contracts concluded are already being negotiated with a lead time of several months, so that noticeable effects are not expected until the second quarter at the earliest. At this stage, however, it cannot yet be foreseen how any short-term increases in demand, for example from trading companies or from the healthcare sector, will compensate for a possible wait-and-see attitude of other market participants.
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