At a Glance Q1 2021

Logistics market Hamburg

Logistikmarkt Hamburg


Hamburg's storage and logistics market has had a strong start to the year. With a take-up of 129,000 m², the previous year's result was exceeded by around a quarter and the ten-year average was also topped by more than 18 %. This puts the Hanseatic city in second place behind Berlin in a national comparison. It is particularly pleasing that the good result is based on a broad demand base and does not result from only a few large deals. In the first three months it has not even been possible to record a contract for more than 20,000 m². A very lively demand can still be observed in the wholesale/retail sector, which, however, cannot be fully realised. The reason for this is the further decline in supply, as older existing space has increasingly been let due to insufficient new construction. The most important deals in the first quarter included the lettings by Boeing Distribution Services ISC for 16,000 m² in Henstedt-Ulzburg and by Heinrich Dehn Internationale Spedition for more than 15,000 m², as well as an owner-occupier deal by Teamwork Instore Services for 13,500 m².

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