STRONG START TO THE YEAR: TAKE-UP INCREASES BY ALMOST 90 %
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The Hamburg warehouse and logistics market had a strong start to 2025. With take-up of 125,000 sqm, the previous year's weak result was exceeded by 89%. Against the backdrop of the still stuttering economic engine and the geopolitical uncertainties that are increasingly becoming a risk for global trade, it is particularly remarkable that the long-term average was also exceeded by around 14%.
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The good result is primarily due to several major owner-occupier deals. The largest take-up of the year to date, the start of construction of the Körber Campus in Bergedorf, which will comprise around 34,300 sqm for production and logistics, is also attributable to this segment. With the new location of the pharmaceutical logistics company Loxxess in Rosengarten (10,500 sqm) and the start of construction of the logistics centre of the company BIG Arbeitsschutz in Buchholz (10,000 sqm), the next largest deals are also attributable to owner-occupiers. As a result, owner-occupiers currently account for a high 56% of total take-up. The largest lease agreement of the year was the 8,200 sqm signed by Still Mechatronik in Hamburg-Billbrook. Not least because all of the above-mentioned contracts were for new builds, the proportion of new buildings is currently almost two thirds, which is one of the highest figures ever recorded.
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The current rental trend gives a mixed picture. While the prime rent remains unchanged at €8.50 per sqm, the average rent level has risen slightly across the market. Due to the very high demand for modern space coupled with a shortage of supply, the average rent has risen by a further 10 cents to €6.50 per sqm.