The TOP 8 industrial and logistics real estate markets in Germany generated a take-up of around 1.2 million sqm, which was approx. 3 % below the average of the last three years. As a result of the Covid-19 crisis, some of the logistics regions recorded below-average take-up because market players remain hesitant to make decisions. The problem of the severe supply bottleneck is still a topic and another factor slowing down the take-up in some logistics markets.
In the first half of the year prime and average rents remained largely unaffected by the Covid-19 crisis and managed to match the prices recorded in the previous quarter despite temporary defaults on rents and subdued demand. The only exception to this general rent trend is to be found in the Düsseldorf logistics region where prime rents were up a slight despite the pandemic.
lt remains to be seen, what lasting effects the Covid-19 crisis will have on the logistics markets.
In the first half of the year prime and average rents remained largely unaffected by the Covid-19 crisis and managed to match the prices recorded in the previous quarter despite temporary defaults on rents and subdued demand. The only exception to this general rent trend is to be found in the Düsseldorf logistics region where prime rents were up a slight despite the pandemic.
lt remains to be seen, what lasting effects the Covid-19 crisis will have on the logistics markets.
