MAJOR DEAL DOMINATES MARKET IN Q2, OVERALL GOOD HALF-YEAR VOLUME
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With a take-up of around 210,000 sqm, the Berlin logistics market can report satisfactory figures at the mid-year point. The half-year results can be considered positive in many respects: on the one hand, the capital region exceeded its previous year’s take-up by 39%, generating a volume that was only achieved after three quarters in 2024 (Q1-3 2024: around 216,000 sqm). On the other hand, the Berlin logistics region is one of only three locations, alongside Frankfurt (251,000 sqm) and Hamburg (220,000 sqm), to have exceeded the 200,000 sqm mark by mid-year 205.
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At the same time, it should be noted that such a high result as in the second quarter, with 133,000 sqm alone and a share of 63% of total take-up, would not have been possible without the help of a very large-volume deal: Following the granting of the building permit, construction work has now begun on the new 65,000 sqm Netto logistics center in Kremmen. However, it was not only the project development for Netto that was realised in the new construction segment, but also the lease agreements for an industrial company in the eastern market area and for Siemens Energy in Falkensee. Especially considering that this sector remained significantly underrepresented last year with a share of 41%, the current contribution to the take-up of 71% sends positive signals for further market development.
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Prime rents have now stabilised at the high level of €8.20 per sqm. Although further slight increases cannot be ruled out, overall, sideways movements are currently more likely. The average rent is €7.20 per sqm.