COVID-19 CONTINUES TO IMPACT THE OFFICE MARKET
The Dortmund office market fell short of the previous year's result by around 27%, with take-up of 43,000 m² in the first three quarters. The ten-year average was also undercut by around one quarter. However, this apparently weak result should be put into perspective: in a nationwide comparison Dortmund is one of the cities with the smallest decline. However, the economic uncertainties resulting from the Corona pandemic were still clearly noticeably in the third quarter and led to a number of leases being postponed or in some cases temporarily abandoned. This can also be observed in all other German cities. With around 14,000 m² of office space let between July and September, take-up was already on the way back towards the long-term average. In addition, no major deal for more than 5,000 m² has yet been recorded in the current year. The largest contract to date is a lease from Swisslog for 4,600 m².
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