LEIPZIG OFFICE MARKET DEFIES DIFFICULT ENVIRONMENT
In contrast to almost all other major German office locations, the Leipzig office market is defying the difficult economic environment. In the first three quarters, it once again achieved a very good result with 98,000 m² of take-up, which is only 3% below the comparable figure for the previous year. At the same time, the ten-year average take-up was even exceeded by 5%. By contrast, the average for major office locations was 32% lower than in 2022, confirming once again how stable the demand base in Leipzig has become and, above all, that the economic upturn and structural change are continuing unabated. The very good result benefited not least from a large-volume owner-occupier contract signed by an IT company for 18,500 sqm. Contracts above the 10,000 m² mark were a rarity in the past. The fact that such a deal was concluded in the current difficult macroeconomic environment also reflects Leipzig's sustained attractiveness for innovative office users. The Ringlage (22,500 m²), the Graphisches Viertel/Prager Straße (13,800 m²) and the Leipzig West office market zone (14,500 m²) in particular accounted for a substantial share of total take-up.
Read the full report by downloading the PDF document.