RESULT IN THE RANGE OF THE PREVIOUS YEAR, BUT ABOVE AVERAGE COMPARED TO TOP LOCATIONS
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Even if this is not yet sustainably reflected in the interim results for the first three quarters, the demand situation on the logistics market in the Ruhr region can be assessed as remaining constant in the current year. On the one hand, the polycentric logistics region is unable to keep pace with its long-term average (365,000 m²; -38%) with take-up of around 228,000 m². On the other hand, after the first nine months of the year it has more or less confirmed its volume from the same period of the previous year (238,000 m²; -4%), putting it in second place in the location ranking behind the Frankfurt logistics region (304,000 m²).
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Accordingly, it can be stated for the Ruhr region, as for most other top markets, that the high take-up volumes of the years up to 2023 cannot yet be realised again in the current market environment. However, if the continuing challenging conditions are taken into account, the somewhat weaker result in a long-term context is put into perspective.
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In the year to date, the second quarter has been particularly strong in terms of take-up (147,000 m²), with the five largest deals of the first nine months recorded in this quarter alone. By contrast, deals with significantly more than 10,000 m² were absent in the third quarter, which meant that take-up was significantly lower (around 36,000 m²) despite the comparable number of deals in the last three months.
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Instead of the upward trend of recent years, prime rents are now tending to move sideways (€7.60 per m²; no change since Q4 2023). The average rent is currently quoted at a high €6.30 per m² (+3% in Q3).