A Decline in Turnover as a Result of the Economic Downturn –
A Conservative Outlook for 2010.

The global economic downturn has also had a noticeable effect on the Cologne office space market. Between 2001 and 2008, the annual amount of leased space rose steadily to a peak of 300,000 square metres. For the first time in 2009 however, a significant decline in turnover was recorded resulting in a total of 230,000 square meters of rented office space and a 23 percent fall on last year’s figures.

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