TAKE-UP INCREASE DRIVEN BY A STRONG SECOND QUARTER WITH SEVERAL MAJOR DEALS
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The logistics market in the Ruhr region has seen a noticeable increase in letting momentum over the last three months: the polycentric logistics region achieved the highest take-up in the second quarter and the second-highest in the first half of the year as a whole among the top locations (Frankfurt led the way with 195,000 sqm).
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With a total result of around 192,000 sqm, the Ruhr region did not achieve an above-average interim result (-18 %), but the weaker result of the previous year was significantly exceeded (+ 22 %). The market recovery in the second quarter, which accounted for almost 77% of the mid-year volume and marked the third-best q2 result in the past ten years, is particularly noteworthy.
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The analysis of the largest lettings in the first half of the year underlines this trend: the five contracts with the highest take-up in the year to date were all concluded in q2. The deals with more than 20,000 sqm should be mentioned here first and foremost, including the two lettings to the e-commerce company Euziel in Essen (38,600 sqm) and in Duisburg (27,000 sqm) as well as EDA Cloud in Dortmund (30,100 sqm) and Flexispot in Werne (20,900 sqm).
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In terms of prime rents, the Ruhr area reflects the nationwide trend that upward momentum is still clearly visible in a 12-month comparison (+15%), while no further adjustments were recorded in the first half of the year 2024. The same applies to the average rent (+13%), which remains at an average of €6.10 per sqm and €7.60 per sqm in the prime segment.