FRANKFURT IS STRONGEST MARKET NATIONWIDE: BY THE END OF Q3 ALREADY AT FULL-YEAR LEVEL 2024
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With a take-up of 399,000 sqm, the Frankfurt logistics market ranks unchallenged at the top of the nationwide ranking. Berlin (320,000 sqm) and Hamburg (276,000 sqm) follow at a considerable distance.
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In a direct year-on-year comparison, take-up in the Frankfurt market area at the end of September was around 31% higher than in the previous year and right on target compared with the long-term average. A weak start to the year and a very strong second quarter were followed by a still dynamic summer quarter with 148,000 sqm of take-up. This latest quarterly result is also among the best in Germany, surpassed only by the very large logistics market in the Ruhr area.
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The Frankfurt market is benefiting from an above-average number of large deals in the current year. In contrast to 2023 and 2024, the construction of the production facility for the US pharmaceutical company Eli Lily, with around 50,000 sqm of logistics space, marked the first time that a deal exceeding the 35,000 sqm threshold was recorded in more than two years. A further 109,000 sqm of take-up is attributable to the 20,000 to 35,000 sqm size category, which is three times the previous year's figure and 55% above the long-term average. The third quarter alone saw a further transaction by Eli Lily for
34,800 sqm in Alzey and by Dealer Tire Europe (25,300 sqm) in Gernsheim. -
Rental prices rose for the second time this year in q3. The prime rent increased by €0.30 per sqm to €8.50 per sqm (6.9% year-on-year) and the average rent by €0.20 per sqm to €7.20 per sqm (7.5% year-on-year).