ABOVE-AVERAGE RESULT AT THE HALF-YEAR MARK
The Leipzig office market continued its dynamic development in the second quarter of the year. With a take-up of 69,000 m², the result for the Saxon metropolis at the half-year terms is around 23 % above the long-term average (56,000 m²). The volume exceeds that of the good previous year by a further 10%. Around 42,000 m² of take-up is attributable to the second quarter of 2022, which represents an increase of almost 56% quarter-on-quarter (Q1: 27,000 m²). Worth mentioning is the pleasing take-up recorded for the size classes between 200 m² and 500 m² (26 %) and between 2,000 m² and 5,000 m² (28 %). The highest take-up is registered in the Leipzig Northeast submarket (17,600 m²) which was mainly driven by three lettings of more than 2,000 m² each, including the top deal of the half-year with a take-up of 8,200 m² signed by public administration. In addition to the Leipzig Northeast submarket, the City Centre also achieved a double-digit volume with take-up of 11,600 m².