ALSO DRIVEN BY OWNER-OCCUPIERS. TOTAL TAKE-UP OF PREVIOUS YEARS ALREADY TOPPED BY THE END OF Q3
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In the wake of positive economic forecasts, rental activity on the Hamburg logistics market picked up noticeably in 2025: With take-up of 276,000 sqm in the Hanseatic city's logistics region after just three quarters, the annual total of the weaker previous years 2024 (260,000 sqm) and 2023 (272,000 sqm) has already been surpassed by the end of q3.
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However, the foundation for this was laid in the first half of the year, which generated almost 80% of take-up, while market activity in the past three months has largely been concentrated in the smaller segments. Nevertheless, with the international logistics company Heinrich Dehn in Hamburg-Billbrook (15,300 sqm), a lease of more than 12,000 sqm was also reported in the third quarter. This size category had remained empty in the same period last year.
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In a comparison of markets, Hamburg ranks midfield behind Frankfurt (399,000 sqm), the Ruhr region (357,000 sqm) and Berlin (320,000 sqm). However, the Hanseatic city also occupies the top position in one category: with a volume of more than 100,000 sqm and a share of 38%, owner-occupier deals have been a much more significant factor in the Hamburg market area than in the other top locations. Three of the five largest take-up drivers in this segment were Körber Technologies (34,300 sqm), Loxxess Pharma (10,500 sqm) and BIG Arbeitsschutz (10,000 sqm).
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Following the dynamic developments of recent years, rent levels are currently moving sideways: the prime rent is stable at a high level of €8.50 per sqm, while the average rent remains unchanged at €6.50 per sqm.