LACK OF SUPPLY INHIBITS TAKE-UP
The Leipzig logistics market is experiencing a roller coaster ride in 2019. After a slow start to the year and a very dynamic second quarter, the market situation deteriorated noticeably again in the third quarter. As only a few contracts were concluded within the market area, the current total take-up is at 123,000 m², which is 18% less than the 10-year average. One of the main reasons why hardly any new space has been leased recently is the lack of available properties. Owner-occupiers therefore play an important role, accounting for almost 45% of take-up. The demand for larger modern spaces over 10,000 m², as well as for smaller ones up to 5,000 m², can hardly be met at short notice. As there is a lack of adequate existing buildings, demand is increasingly switching to newly constructed properties, with the result that their share is at a record level of over 85%.
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