NO MAJOR CONTRACTS SIGNED YET, TAKE-UP AT LOW LEVEL
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The Hamburg warehouse and logistics market achieved take-up of 126,000 sqm in the 1st quarter. It is thus at the same level as in the previous year (+1%) and exceeds the ten-year average by 16%. This positive result is particularly pleasing after the rather weaker quarterly results from the second half of 2025 totaling only 90,000 sqm. Overall, this represents a significant upturn in the market.
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A major deal from the e-commerce sector in Hamburg-Allermöhe, covering around 50,000 sqm, made a significant contribution to this strong take-up. In addition, a company from the aviation industry has leased 17,300 sqm and the logistics service provider Blitz Distribution 16,900 sqm in the port area. These three contracts alone account for around 67% of take-up and underline the great importance of the Billbrook/Allermöhe and port sub-markets for Hamburg's logistics market.
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The rent level has risen due to the increasingly scarce supply of space in good locations. After the prime rent had been constantly standing at €8.50 per sqm for a long time, it has now increased by 3.5% to €8.80 per sqm. The average rent has climbed by 5% to €6.85 per sqm.