The Cologne industrial and logistics leasing market significantly exceeded the previous year’s result in the first half of the year. The development was mainly driven by a strong start to the year.
As the market progressed, market momentum slowed. Letting activity was increasingly concentrated on smaller spaces and existing properties. High asking rents, longer decision-making processes and ongoing market uncertainty had a dampening effect on demand.
Asian users continue to play a particularly important role in Cologne. In the investment market, the lack of products limits activity, while brownfield potential opens up interesting prospects for project developers.
Further information and insights from Colliers on the Cologne logistics real estate market can be found in the attached infographic.
