Cologne Bight - a top logistics location
Introduction
The metropolitan area of Cologne is an attractive market for all kinds of tenants of logistics property as there is constant demand for logistics for the supply of the industry and the people. Therefore logistics service providers and retailers are overrepresented in this region. To the west of the city of Cologne logistics activities are the most intense, especially in the towns of Pulheim, Frechen and Hürth. The freight village Cologne Eifeltor is the biggest transshipment station for combined cargo traffic in Germany.
Availability of sites
New developments trend
Since the economic crises of 2009 development activities have decreased significantly. On average 100,000 sqm are being developed annually. In Greater Cologne 190,000 sqm could be developed in 2015.
Labor market
The unemployment rate in the Cologne area is on national average and provides only little potential for further employment in the logistics sector. The current logistics employment rate, however, shows some growth potential. The wage level in the Cologne area is also on average.
Economic structures
The core areas for different kinds of tenants like logistics service providers, commerce, automotive and chemical industries can be found near Cologne and along the Rhine. The main purpose of the logistics sector is the supply of the people and the industry. Logistics service providers and retailers are the prevalent tenants of logistics property.
Taxes
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Economic facts & figures
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Key industrial parks
Freight village Cologne Eifeltor
Gewerbegebiet Europark Frechen
Highlights
- Efficient infrastructure, including 24h Cologne/Bonn airport
- Significant growth in population
- Attractive economic structures for logistics services