24. Juli 2012 
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125,500 m² leased in the first six months in the Rhine-Main region
NAI apollo group has analysed the market for logistics and warehouse space in the Rhine-Main region* during the first half of 2012. „A total of around 125,500 m² were leased in the first six months of the year, around 30,500 m² in the second quarter,“ says Michael Weyrauch, Partner and head of the Logistics division at NAI apollo group. For the rest of 2012 Weyrauch expects to see a transaction volume at around the same level as 2010 of 350,000 m².
Compared to the first half of last year, this result represents a significant drop of 54% (1st half of 2011: 272,800 m²), but 2011 was the biggest year for leases in the Rhine-Main region in the last decade, and a huge exception. „Comparing the first half of 2012 with that of 2010, in which 125.000 m² were leased, shows that the logistics market is back at a normal level,“ says Weyrauch.
According to NAI apollo group most of the deals of all market participants were realised in the segment up to 3,000 m², which accounts for around 39% of the total floor space moved (1st half 2011: 14%; 1st half 2010: 31%). Properties between 3,000 and 5,000 m² represent 6% of the total turnover (1st half 2011: 12 %; 1st half 2010: 34 %). The segment between 5,000 and 10,000 m² accounted for 22% of turnover in the first half of 2012 (1st half 2011: 29%; 1st half 2010: 35%). The greatest absorption, with almost 40,000 m² was generated with spaces from 10,000 m² (31% of sales; 1st half 2011: 45%; 1st half 2010: 0%), however, this was only in the first quarter. Among the biggest deals in the first six months of the year are a lease in Viernheim of 28,000 m² as well as the move into a 7,000 m² property in Nieder-Olm by the logistics expert Geis (both in Q1 2012). The largest lease in the second quarter was of 6,000 m² in Mühlheim.
The highest rent in top locations remained between 5.90 Euro/m² and 6.30 Euro/m². These include, for example, the industry park „Am Martinszehnten“ near the Bad Homburg motorway junction, the „Mönchhof Areal“ in Raunheim/Kelsterbach and the „MainLog Gehespitz compound“ near the Rhine-Main airport.
Noteworthy facility completions were, for example, in Erlensee (owner occupier building by Dachser with 6,600 m² of warehouse space) and in Nieder-Olm (20,800 m² logistics centre for Geodis).
*NAI apollo group defines the „Rhine-Main“ market area as the relevant available warehouse and logistics space between the city of Butzbach in the north and Worms in the south, Bingen in the west and Aschaffenburg in the east. Frankfurt am Main is the centre point of this market.
Compared to the first half of last year, this result represents a significant drop of 54% (1st half of 2011: 272,800 m²), but 2011 was the biggest year for leases in the Rhine-Main region in the last decade, and a huge exception. „Comparing the first half of 2012 with that of 2010, in which 125.000 m² were leased, shows that the logistics market is back at a normal level,“ says Weyrauch.
According to NAI apollo group most of the deals of all market participants were realised in the segment up to 3,000 m², which accounts for around 39% of the total floor space moved (1st half 2011: 14%; 1st half 2010: 31%). Properties between 3,000 and 5,000 m² represent 6% of the total turnover (1st half 2011: 12 %; 1st half 2010: 34 %). The segment between 5,000 and 10,000 m² accounted for 22% of turnover in the first half of 2012 (1st half 2011: 29%; 1st half 2010: 35%). The greatest absorption, with almost 40,000 m² was generated with spaces from 10,000 m² (31% of sales; 1st half 2011: 45%; 1st half 2010: 0%), however, this was only in the first quarter. Among the biggest deals in the first six months of the year are a lease in Viernheim of 28,000 m² as well as the move into a 7,000 m² property in Nieder-Olm by the logistics expert Geis (both in Q1 2012). The largest lease in the second quarter was of 6,000 m² in Mühlheim.
The highest rent in top locations remained between 5.90 Euro/m² and 6.30 Euro/m². These include, for example, the industry park „Am Martinszehnten“ near the Bad Homburg motorway junction, the „Mönchhof Areal“ in Raunheim/Kelsterbach and the „MainLog Gehespitz compound“ near the Rhine-Main airport.
Noteworthy facility completions were, for example, in Erlensee (owner occupier building by Dachser with 6,600 m² of warehouse space) and in Nieder-Olm (20,800 m² logistics centre for Geodis).
*NAI apollo group defines the „Rhine-Main“ market area as the relevant available warehouse and logistics space between the city of Butzbach in the north and Worms in the south, Bingen in the west and Aschaffenburg in the east. Frankfurt am Main is the centre point of this market.
