Industrial Market Profile
Industrial Market Profile Cologne | 4th quarter 2019 January 2020 Industrial Market Profile | 4th quarter 2019 Cologne Warehousing Take-up Weakest take-up for the past ten years Around 89,000 sqm of space larger than 5,000 sqm was taken up in the market for warehousing and logistics space (owner-occupiers and lettings) in the Cologne region* in 2019; this was over 50% below the previous year’s result and below the five-year average. In contrast to previous years, no deals were concluded for units larger than 20,000 sqm and the average size of deals concluded in 2019 was around 9,900 sqm. The largest letting of the year was registered by Logwin AG, in which the logistics com- with a total area of around 17,000 sqm. Companies in the pany signed a contract for around 18,000 sqm in a project distribution/logistics segment accounted for around 50% in Kerpen. The second-largest contract was also conclu- of total take-up, while manufacturers accounted for 26%. ded by a logistics company for an existing unit in Bedburg, In the Cologne urban area, the supply of space available at short notice remains scarce, and no easing of this situation is foreseeable in the coming months. The situation is some- Prime Rent ≥ 5,000 sqm what different in some of the surrounding communities: for example, in Kerpen and Euskirchen, thanks to speculative new construction, there are available units larger than 5,000 sqm. The prime rent for warehousing space larger than 5,000 sqm achieved in the Cologne urban area has remained stable over the past twelve months at €5.10/sqm/month.
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