ANNUAL RESULT ABOVE THE 10-YEAR AVERAGE
After recording a very clear record result in the previous year, the Dortmund office market continued to present itself significantly above the long-term average in 2022. At the end of the third quarter the Dortmund market had already reached a six-digit take-up with 101,000 m². With 27,000 m² in the fourth quarter, letting activity has slowed down noticeably, but the annual result still amounts to 128,000 m², which represents the second-best take-up so far and noted almost 29% above the 10-year average. The strong performance was mainly driven by the owner-occupier deal of 44,000 m² by the IT service provider Materna, which contributed a good third of the total take-up. The largest contract in Q4 was concluded by a service company with 4,400 m² in the centre fringe. Overall, the Dortmund office market confirms the performance of the previous year as well as its attractiveness as an office location. In addition to the large lettings as drivers of take-up, the majority of the medium and smaller size classes also exceeded the average results.