STRONG FIRST HALF YEAR
The Cologne office market recorded a very strong first half of the year. Take-up currently stands at 160,000 m². This represents an increase of 84% on the previous year's result, and the 10-year average was exceeded by a good 15%. Both at the beginning of the year and in the spring months, lettings were high. This applies to all size classes. The market recovery reached a broad base, and a significant increase in lettings can be registered for all segments. This also applies to large-volume leases beyond the 10,000 m² mark, which are an important pillar for the current result. By mid-year, a letting volume of just under 46,000 m² was registered for this size class. The result is thus more than double the long-term average, and the previous year's result of just under 18,000 m² was also clearly surpassed.