At a Glance Q4 2023

Logistics market Düsseldorf

Logistikmarkt Düsseldorf BNPPRE
294,000 m²
+14 %
2023 vs. 2022
+6 %


  • The warehouse and logistics market Düsseldorf recorded a take-up of 294,000 m² in 2023. A strong final quarter ensured a result that was around 6 % above the long-term average and 14 % above the previous year's strong result.
  • The new-build segment contributes a high share of 60 % (around 176,000 m²) to the result. Nevertheless, only a low level of speculative new construction activity is currently being observed. Against the backdrop of continued solid demand, the short-term availability of large modern halls represents a major problem. Users are increasingly responding with longer letting processes, which might have prevented an even better result for 2023.
  • Excess demand and higher prices have led to increased rent levels. At the end of the fourth quarter, the prime rent stood at 7.90 €/m², around +10 % higher than in the same quarter of the previous year. The average rent has risen by +6 % to currently 6.20 €/m².


  • Logistics firms contributed the largest share of take-up at 50 % (10-years average: 40 %) or a volume of around 146,000 m². Retail companies followed in second place with a share of 27 %, which, however, represents a below-average result in a long-term comparison (40 %).
  • In addition to the largest deals of the year by GXO Logistics in Dormagen (32,200 m²) and Engemann in Hilden (17,000 m²), the final quarter also recorded major deals by the trading company HW-Inox GmbH in Ratingen and Papp Logistics in Mönchengladbach for 20,000 m² each as well as the logistics firm Wehner Fulfillment Logistics in Langenfeld (14,400 m²).
  • The focus of take-up consequently centred on the 12,000 and 20,000 m² size category with a far above-average share of 35 % (10-years average: 18 %). A further 22 % is attributable to contracts in the medium size category between 8,000 and 12,000 m².



  • The Düsseldorf logistics market recorded a good result in 2023. In a nationwide comparison, Düsseldorf is the only top market besides Leipzig to achieve an above-average result. Nationwide, the prevailing shortage of supply is reflected negatively in the take-up trend in many locations. In addition, the stuttering economic engine, deteriorating financing conditions, higher construction costs and further increases in ESG requirements are causing uncertainty among occupiers.
  • As before, demand continues to exceed the available supply of modern space. There has been a significant rise in user requirements, particularly in the ESG segment. On the supply side, there has already been a response to this with an improvement in the quality of space.
  • The solid demand side, a more dynamic economic environment, the shortage of modern space and the expected low level of new construction activity with higher construction costs point to a further increase in rent levels over the course of 2024.



32,200 m²
GXO Logistics

20,000 m²

20,000 m²
Papp Logistics

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Publisher and Copyright: BNP Paribas Real Estate GmbH | Prepared by: BNP Paribas Real Estate Consult GmbH | Status: 31.12.2023
Further Information: BNP Paribas Real Estate | Branch office Düsseldorf | Phone +49 (0)211-52 00-00
Photo credits: Adobe Stock / festfotodesign; Alexander Nasonov