TAKE-UP INCREAES COMPARED TO BOTH PREVIOUS YEARS
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The Berlin warehouse and logistics space market has started 2025 with take-up of 77,000 sqm, a noticeable increase compared to the respective results of the two previous years. Nevertheless, the market is clearly missing the ten-year average of 132,000 sqm – even if you exclude the exceptional year 2022 with the strong influence of Tesla's development and other large-scale deals. In a nationwide comparison, the German capital currently ranks 3rd among Germany's top logistics markets behind Hamburg and Düsseldorf.
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overall, the weakening German economy and the continuing uncertainty about a recovery of the macroeconomic environment are also having an impact on the Berlin logistics market. This is reflected in a still somewhat subdued demand, longer marketing periods and an increase in supply, especially in peripheral locations.
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It is remarkable, however, that, in contrast to the two previous years, a large-volume lease of 20,000 sqm was already signed in the first three months. An industrial company rented around 31,200 m² in the eastern market area. In addition, it is striking that owner-occupiers have not generated any significant take-up yet.
The rent level remained stable in the first quarter. The prime rent was unchanged at €8.20 per sqm and the average rent is also constant at €7.20 per sqm (+3% compared to Q1 2024).