SLIGHT DECLINE IN TAKE-UP
In 2018, the Dortmund office market was not quite able to repeat the strong letting results of recent years. A take-up of 78,000 m² means a decline of a good 11 % compared to the previous year and the 10-year average was also missed by about 8 %. More than one third of the take-up was achieved in the Core City submarket, where the contract with the City of Dortmund for various city departments was by far the largest deal (12,300 m²). The office submarkets Rheinlanddamm (9,200 m²), Phoenix-West (7,500 m²) and the Remaining Municipal Area (13,300 m²) also reported significant take-ups. It should be noted, however, that many letting requests could not be realised due to a lack of suitable space. Particularly in the case of office space with modern standard, there are now blatant shortages throughout the entire municipal area.
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