GOOD TAKE-UP AFTER NINE MONTHS
Based on the strong half-year result the Dortmund office market recorded a volume of 59,000 m² at the end of the third quarter. The outcome is almost 23% above the previous year's figure and exceeds the long-term average by a good 5%. After the downward trend in the years 2017 and 2018, a stabilization of the market activity can thus be observed. The take-up result is based on two pillars. On the one hand, the volume is shaped by large contracts. Particularly noteworthy are the office lettings of an industrial company with a space of around 12,000 m² in the Subcentres as well as the rentals to the Dortmund Business Development Agency (3,500 m²) in the City Centre and to Blikk Holding (1,900 m²) in the Stadtkrone Ost submarket. On the other hand, the Dortmund office market can also build on its traditionally strong letting volume in the small to medium size segment (200 to 2,000 m²), which accounts for over 65% of take-up, this year.
Read the full report by downloading the PDF document.