STRONG START TO THE YEAR
The Munich storage and logistics market got off to a brilliant start to the year and, with take-up of 68,000 m², not only exceeded the previous year's result by 42 %, but also achieved the best result of the last ten years. The long-term average was also outperformed by almost 40 %. Fortunately, the positive development resulted from a broad demand from all sectors. Even the automotive industry, which has been considerably affected both structurally and by the pandemic, is again sending increasingly positive signals. It is therefore unsurprising that project developers are more and more prepared to take the risk of developing new projects in the further periphery, as land prices and availability hardly allow this in more central locations. Nevertheless, in a nationwide comparison this result places Munich, as in the past, among the logistics regions with comparatively low take-up. One of the largest deals was the lease signed by the mechanical engineering company ASM Assembly Systems in Weßling for around 10,000 m².
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