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Leipzig Logistics Market - Q1 2016

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Leipzig Logistics Market - Q1 2016

In 2016, the Leipzig logistics and warehouse premises market got off to a slow start. At just under 21,000 m², take-up in the opening three months was only around one quarter of the prior-year figure. At first sight, this result may seem distinctly disappointing but it certainly does not point to any fundamental decline in demand; instead it should be seen as merely an interim picture for which there are several reasons. One is the fact that a substantial number of contracts were concluded in the end-ofthe-year spurt in 2015, producing final-quarter take-up of 112,000 m², the best quarterly performance of all time. Another reason is that Leipzig has so far not registered any major new leases of the kind which – here as elsewhere – have a disproportionate influence on turnover. One further factor is the ongoing shortage of space in the especially favoured central precincts, the Freight Village and the industrial area around the BMW works. Accordingly, not all requests for premises can be met. This is despite the fact that now, for the first time in a long time, a considerable volume of new space is being constructed on a speculative basis, in the VGP Park Leipzig. 

Source : BNP Paribas Real Estate

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