VERY STRONG SECOND QUARTER ENSURES RETURN TO AVERAGE LEVEL
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After a slow start in the first quarter of 2025, the Frankfurt market for warehouse and logistics space had a strong second quarter. With a take-up of 188,000 sqm, it is one of the best quarters in the past four years. In total, 251,000 sqm can be reported for the market area for the first half of the year. This exceeds last year's result by around 29%, bringing the Frankfurt market back to its average level (10-years average: 256,000 sqm).
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One of the drivers of take-up in the second quarter was the 50,000 sqm production facility (currently under construction) by the U.S. pharmaceutical group Eli Lilly in Alzey, located on the outskirts of the Frankfurt market area. Computacenter, a global IT solutions specialist, will move into around 21,000 sqm in Nieder-Olm. Pirelli contributed the third major deal, leasing 13,000 sqm in the second quarter.
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Overall, the Frankfurt market for large spaces is much busier than in previous years. The six-month result for transactions above 20,000 sqm amounts to almost 100,000 sqm, which exceeds the long-term average by nearly one-third. For the second year in a row, an above-average result of 70,000 sqm was achieved in the size category between 8,000 and 12,000 sqm.
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Rents remained stable at a high level in the second quarter. Accordingly, the prime rent moved sideways at €8.20 per sqm and the average rent at €7.00 per sqm. However, year-over-year increases of 3.1% and 4.5%, respectively, can be reported.