Industrial Market Profile
Cologne | 4th quarter 2019 January 2020
Industrial Market Profile | th4 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.
* The considered market area comprises the cities and communities Cologne, Leverkusen, Bergisch Gladbach, Rösrath, Troisdorf, Niederkassel, Wesseling, Brühl, Hürth, Frechen, Pulheim, Bedburg, Bergheim, Elsdorf, Kerpen, Erfstadt, Weilerswist, Leichlingen, Burscheid and Odenthal.
Industrial Market Profile | th4 quarter 2019 Cologne Cologne: Industrial Market Areas
Hilden Solingen Remscheid A 46 Düsseldorf Langenfeld Leichlingen Jüchen A 59 (Rhld.) Grevenbroich Dormagen € 3.00 - 4.30 Wermelskirchen A 542 A 540 Monheim A 57 Burscheid € 3.00 - 4.30 Leverkusen Leverkusen Odenthal € 3.00 - 4.40 € 3.00 - 4.30 Bedburg Pulheim € 2.90 - 4.30 € 3.50 - 4.65 Pulheim A 61 Bergheim Bergisch Gladbach Bedburg Bergheim Köln Bergisch Gladbach € 3.00 - 4.30 € 3.00 - 4.40
Elsdorf Frechen Overath € 3.00 - 4.30 A 4 A 559 Frechen Rösrath € 3.50 - 4.70 Cologne € 3.00 - 4.30 € 3.75 - 5.10 Rösrath Kerpen Hürth Kerpen A 1 € 3.00 - 4.50 Hürth in he € 3.50 - 4.85 R A 553 Brühl Niederkassel Lohmar Düren Brühl Troisdorf Wesseling € 3.00 - 4.20 Niederkassel € 3.00 - 4.60 Erftstadt € 3.00 - 4.65 € 3.00 - 4.50 Troisdorf Siegburg Erftstadt A 555 € 3.00 - 4.00 Hennef (Sieg) Bornheim A 565 Sankt
R Augustin h Bonn e i Weilerswist n A 3 € 2.90 - 4.10 Königswinter Alfter A 562 Euskirchen
Airport Switch Yard Harbour Industrial Market Areas Main Station Freight Village Market Area Rental Band (Euro/sqm/month) € min - max for warehousing space >= 5,000 sqm
Industrial Market Profile | th4 quarter 2019 Cologne Contacts
Frank Weber Helge Scheunemann Head of Industrial Agency Germany Head of Research Germany [email protected] [email protected] +49 (0) 89 290088 110 +49 (0) 40 350011 225
Industrial Agency Berlin Industrial Agency Munich Industrial Agency Leipzig Rahel-Hirsch-Straße 10 Ludwigstraße 8 Petersstraße 12-14 10557 Berlin 80539 Munich 04109 Leipzig [email protected] [email protected] [email protected] +49 (0) 30 203980 0 +49 (0) 89 290088 0 +49 (0) 341 22633 0
Industrial Agency Frankfurt Industrial Agency Düsseldorf Industrial Agency Stuttgart Bockenheimer Landstraße 55 Dreischeibenhaus 1 Kleiner Schloßplatz 13 60325 Frankfurt 40211 Düsseldorf 70173 Stuttgart [email protected] [email protected] [email protected] +49 (0) 69 2003 0 +49 (0) 211 13006 0 +49 (0) 711 900370 0
Industrial Agency Cologne Industrial Agency Hamburg Augustinerstraße 10 Alter Steinweg 1 50667 Cologne 20459 Hamburg [email protected] [email protected] +49 (0) 221 2775 0 +49 (0) 40 350011 0
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Industrial Market Profile | th4 quarter 2019