TAKE-UP INCREASE NOTICEABLY COMPARED TO THE PREVIOUS YEAR
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The nationwide logistics occupier market achieved take-up of around 1.2 million sqm in the first quarter of 2025. This represents a noticeable increase compared to the weak result of the previous year, with growth of around 16%. However, in a long-term comparison, this was a rather moderate start to the year, just as in the two previous years, remaining 21% below the ten-year average.
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Against the backdrop of persistently weak economic conditions and very low GDP forecasts for the current year, the result can certainly be seen as positive. q1 was characterised by a similar number of deals year-on-year, a slight increase in large-scale contracts and somewhat greater confidence among companies.
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The top logistics markets (Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Leipzig and Munich) recorded particularly strong year-on-year growth of +18% and together contributed 504,000 sqm to take-up. This brings them closer to the long-term average than the market as a whole.
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Hamburg (125,000 sqm, +89% year-on-year), which has performed well above average due to a high proportion of owner-occupiers, and above all Düsseldorf (101,000 sqm, +77%), which benefited from large-scale rental agreements and achieved a record result, are particularly noteworthy. Berlin (77,000 sqm, +10%), Leipzig (73,000 sqm; +18%), Frankfurt (63,000 sqm; -18%), Munich (33,000 sqm; +83%) and Cologne (32,000 sqm; -57%) follow in the nationwide ranking. The polycentric Ruhr region saw take-up increasing to 79,000 sqm (+76%).