There have been signs of recovery on the industrial and logistics property market in the first half of 2010. While in the first quarter of this year, lease agreements for approx. 158,000 m² of new space have been signed, there were 221,500 m² of space agreed in Q2 2010. In total, in the first half of 2010, demand amounted to 380,000 m² and has nearly reached the same volume of leases that were signed last year, when lease agreements across 390,000 m² of industrial and logistics space were agreed. Growing demand positively affects the vacancy rate that has q-o-q (Q1 2010 vs. Q2 2010) declined by one percentage point to the current level of 15.5%. This could lead to a cautious recovery on the supply side.