NOTICABLE MARKET UPTURN WITH RISING TAKE-UP
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With a take-up of around 2.7 million sqm, the nationwide logistics occupier market grew by 11% compared to the previous year. The second quarter was particularly lively, with a take-up of over 1.5 million sqm, significantly higher than at the start of the year. Nevertheless, due to the weaker first quarter, the result deviates by around 15% from the ten-year average.
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Overall, there is more activity on the market compared to the previous year, which is reflected not only in pure take-up but also in a higher number of space requests and inquiries. The positive mood and confidence among companies are noticeably increasing, and more large-scale contracts are being signed again.
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In the top logistics markets (Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg, Leipzig, and Munich), take-up totaled 1.1 million sqm, representing an increase of 26% compared to the weak first half of last year and only 8% below the long-term average. This implies that it is primarily the large logistics hubs where take-up has risen significantly.
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Frankfurt leads the ranking with 251,000 sqm (+29%), followed by Hamburg (220,000 sqm; +68%) and Berlin (210,000 sqm; +39%). Düsseldorf benefited from large contracts and achieved a record result for the first half of the year with 166,000 sqm (+80%). While take-up in Leipzig (87,000 sqm; -1%) deviated only slightly from the previous year's result, Cologne recorded a significant decline (85,000 sqm; -42%) due to a strong result in H1 2024. In Munich, take-up accelerated by 15% to 60,000 sqm from a low level, and the Ruhr region saw a rise by 5% to 201,000 sqm.