20,000 M² MARK REACHED, RESULT SLIGHTLY ABOVE AVERAGE
The Leipzig office market review on a satisfactory start to the year in the first quarter, particularly against the background of the continuing tense economic conditions. With a total take-up of 20,000 m², the result is once again in the range of 20,000 to 30,000 m² after the first three months, just as in the previous year (27,000 m²) and the long-term average (24,000 m²). In terms of size categories, lettings between 1,000 and 2,000 m² so far emerged as the most important pillars of the total volume, accounting for almost 39% of the result. In terms of the distribution of take-up across the market area, the Centre Fringe (10,900 m²) and Subcentres (5,000 m²) once again protruded, accounting for almost 80% of the letting activity. In the City Centre (2,100 m²), on the other hand, only isolated small-scale lettings have been registered so far this year.
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