TAKE-UP ON PREVIOUS YEARS LEVEL
Overall, the Dortmund office market has made a solid start to the new year. Compared to the very weak start into 2022, an increase of a good 33% can be registered with a take-up of around 20,000 m². The latest result is thus on a par with the ten-year average (20,500 m²). Considering the challenging macroeconomic environment, this is even more remarkable since the majority of German office markets were hardly able to detract the weak economic development. In terms of the number of successfully concluded contracts, the Dortmund office market has made a precision landing compared to the previous year. It is noticeable, however, that the market is definitely on the move in the smaller size segment, but take-up of space below 5,000 m² is below average. In contrast, two lettings above the 5,000 m² mark were already registered in the first quarter, which is quite rare for Dortmund office market.