LOWER OVERALL RESULT, BUT SECOND IN NATIONWIDE COMPARISON
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The overall result on the logistics market in the Ruhr region in 2024 requires a differentiated view: On the one hand, with take-up of 358,000 sqm, the polycentric logistics region was unable to match the previous year's result (-28%) or its average figure for the last ten years (-34%). On the other hand, however, it achieved very good results in terms of both total volume and take-up in the fourth quarter.
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In this context, the Ruhr region ranks second in comparison with the top urban markets and is only outperformed by Frankfurt as the only logistics market with slightly more than 400,000 sqm of take-up. A look at the other major locations also indicates (-6% overall in terms of take-up) that there are no location-specific causes behind the lower result in the Ruhr region, but rather that general factors such as the economic trend in particular are impacting the market environment nationwide.
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Consequently, it is pleasing to observe that the increasing confidence due to the slowly improving general conditions is reflected in take-up over the last three months: With 130,000 sqm take-up in the fourth quarter, the Ruhr region leads the top markets, which means that the logistics region will be able to start the coming quarters with some momentum after a favourable end to the year.
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Instead of the upward trend of recent years, prime rent is now tending to move sideways (€7.60 per sqm; no change since Q4 2023). At the same time, average rent has increased slightly and currently stands at €6.40 per sqm.