NET Take-up

The term "NET Take-up" refers to the total amount of space leased under new contracts over a given period of time - usually a quarter. This indicator includes new lettings, expansions, pre-lettings and short-term lettings. The resulting figure is the basis for calculating demand in a given location and net market absorption. This indicator does not include renewals of existing contracts. Under the 108 RE methodology, only "A" standard properties are counted in this statistic and, for industrial space, only transactions from 1,000 sqm upwards.

In the context of commercial leasing, "NET Take-up" therefore provides a useful indicator for investors, developers and analysts to assess the real interest in new space. It helps to estimate how quickly the market is absorbing new projects, which is crucial for planning, decision-making and execution in the development and investment sector.