At a Glance Q2 2019

Logistics market Hamburg

Logistikmarkt Hamburg


With a take-up of 145,000 m², the mid-year result on the Hamburg market for warehouse and logistics space (including the surrounding areas) is comparatively modest. The result marks the lowest figure since 2008 and is around 39.5% below the 10-year average. Like many other prospering logistics regions in Germany, the Hanseatic city is struggling with an increasing shortage on the supply side. Primarily outside the core area, almost all the large spaces available have been absorbed by demand in recent years. With only 31,000 m², in the first six months of the year the lowest activity for over ten years was registered here. A major reason for this is that almost no new construction developments are currently being realised in the entire metropolitan region, as hardly any land is available to project developers. Only 4.5% of the volume was generated in the new construction segment. These supply-side restrictions also cause problems for owner-occupiers: At just under 7%, their share was well below the results of recent years.

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