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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.
