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Duesseldorf: Office Leasing | Investment H1 2021

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Office Leasing
Tenant activity remained reserved as expected during H1 of the second year of the pandemic. We can, however, only rely on a previous-year comparison to a limited extent because of the exceptional lease signed by the German tax authorities for around 30,000 sqm in early 2020. Nevertheless, thanks to solid leasing activity in the small-space segment of below 1,000 sqm the result achieved this year to date is almost 15 % above the bottom line that emerged in H1 2009 during the financial crisis.

 

Investment

 With a limited deal pipeline leading to a slow start to the second year into the pandemic, as expected, activity began to pick up among a number of market players in Q2. Although transaction volume naturally fell shy of the previous-year result, it is clear that activity on the Düsseldorf investment market is picking up speed. Prime yields for top office assets in Düsseldorf’s prime locations were most recently recorded at 3.2%, down 10 bps yoy.


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Duesseldorf: Office Leasing | Investment H1 2021

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Lars Zenke

Director

Duesseldorf

Director Research in the Dusseldorf office. 

Lars joined Colliers in 2010 after working five years for JLL (Hamburg and Munich).

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