DEMAND PARTICULARLY LIVELY IN THE SMALL-SCALE SEGMENT
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Leipzig's warehouse and logistics market achieved a take-up of 221,000 sqm in 2024. Compared to the above-average result of the previous year, this represents a decline of almost 32%. Due to the difficult economic conditions, companies are currently acting much more hesitantly, which is reflected above all in a noticeably lower take-up in the large-scale segment over 20,000 sqm. While the number of registered contracts is in line with the long-term average, there is a lack of large spaces for a correspondingly higher result.
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At the same time, the supply has increased due to a number of speculative new-build properties in the periphery. Although it is unlikely that any further new construction projects will be started, the current supply nonetheless offers opportunities for occupiers to rent modern, large-scale halls at short notice.
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The proportion of owner-occupiers is above average at almost 44%, which is largely due to the two largest lettings of the year with the construction starts of Beiersdorf (40,000 sqm) in Leipzig and DHL (34,000 sqm) in Halle (Saale). As in the previous year, the majority of take-up was in the new-build segment (69%), causing the average rent to rise by 3% to €5.10 per sqm over the course of the year.
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Due to the increased supply of new-build space, the achievable prime rent is currently under pressure, although it is still quoted at €5.90 per sqm. It remains to be seen whether this level can be maintained in 2025.