HIGH ACTIVITY AT THE OFFICE MARKET
The Leipzig office market remained on track even after the third lockdown. It continued its dynamic development in the second quarter of the year. With a take-up of 63,000 m², Leipzig not only surpassed the slightly weaker Corona-related result from the previous year by almost 29%, but also the long-term average by a full 17%. Only for the third time after 2017 and 2018 the Saxon metropolis achieved the 60,000 m² mark by the end of the first half of the year ever. Leipzig can still count on its traditionally strong small to medium-sized space segment of up to 1,000 m², which is responsible for around 64% of take-up. Despite high demand, only one large deal over 5,000 m² was recorded in the entire market area in the first half of the year. This shows the lack of large contiguous spaces with a modern quality fit-out which users demand. Due to the shortage of supply in the City Centre, the majority of take-up was achieved in the City Fringe (36%) and in Subcentres (50.5%).