LOWER RESULT, BUT GOOD RESULT IN THE LOCATION RANKING
- After the first three quarters of the year, Hamburg's logistics market only missed contracts above 20,000 m² to be able to report a good interim result: Although take-up in the first nine months fell by almost 37 % year-on-year to a total of 246,000 m², the number of deals was considerably higher.
- Another positive aspect is that the logistics market in the Hanseatic city does not need to hide in comparison with the other locations. Hamburg thus leads the ranking of the top markets together with Leipzig (264,000 m²) and Frankfurt (245,000 m²). The largest lettings concluded in the third quarter, each for around 15,000 m², were the hall under construction for the Nagel Group in Allermöhe and the letting to Pandora in Hamburg-East.
- Meanwhile, the upward trend in rents is maintaining. Hamburg’s prime rent has now exceeded the 8 €/m² mark (8.10 €/m²), and the average has also risen slightly to 6.25 €/m².
BROAD SECTOR DISTRIBUTION, FOCUS ON MID-SIZED CATEGORIES
- In the ranking of demand groups, the three most important sectors all achieved take-up shares of more than 20 % each after the first nine months. Logistics frims are at the top of the list, accounting for 37 % of take-up and generating the largest deals with TST in Neu Wulmstorf (19,400 m²) and Nagel Group (15,000 m²). Retail is represented with a further 29 %, and industrial companies contributed around 21 %.
- In the size categories, medium-sized contracts between 12,000 and 20,000 m², which were the only category to generate above-average take-up, stood out with a share of 32 %. In addition, requests for small premises up to 3,000 m² (almost 24 %) and for spaces between 5,000 and 8,000 m² in particular met with a corresponding offer.
- Although the new construction sector is noticeably restrained by the limited supply, it nevertheless achieved an above-average volume of 116,000 m² (47 % pro rata) within the top markets.