ANOTHER STRONG FIRST HALF-YEAR
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Despite challenging economic conditions, the Leipzig logistics market continues its series of high take-up volumes in the first half of 2023. At 185,000 m², it is up by 2 % on the previous year and exceeds the ten-year average by 37 %. This makes Leipzig one of the few large logistics agglomerations to achieve a result above its average. This excellent figure is supported by a major lease in Bitterfeld-Wolfen, where a manufacturing company is taking over a total of around 86,000 m².
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Overall, demand in all segments is at a stable high level and continues to exceed the available space on offer.
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The rent level has continued to rise, as in most other large logistics markets. The top rent now stands at 5.60 €/m² (+19 %) and the average rent at 4.70 €/m² (+16 %).
MORE THAN HALF OT THE TAKE-UP GENERATED BY THE INDUSTRY
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The distribution of take-up by size category reflects the large leasing accordingly. At almost 47 %, the category above 20,000 m² shows the highest share of take-up. In addition, the segment between 12,000 and 20,000 m² is also well occupied with 23 % and a total of three contracts from logistics firms in Halle and Kabelsketal. In addition, the segment of 8,000 to 12,000 m² accounts for around 17 %.
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In the sector distribution, manufacturing companies, supported by the contract in Bitterfeld-Wolfen, contribute more than half of the result (55 %) and are thus well above their long-term average. While logistics firms account for around a third, wholesale/retail companies are still underrepresented at 5 % in the Leipzig sector balance, which is normally quite evenly distributed in a long-term comparison.
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So far, hardly any owner-occupier deals (around 3 %) have been recorded and the share of new construction is still at a comparatively low level of 17 %.