At a Glance Q1 2023

Logistics market Leipzig

Logistikmarkt Leipzig BNPPRE
44,000 m²
-51 %
Q1 2023 vs. Q1 2022
-14 %


  • The Leipzig logistics market achieved a take-up of 44,000 m² in the first quarter and thus remains below both the previous year's result (-51 %) and the ten-year average (-14 %). While in the two previous years high take-up figures were already achieved at the start of the year through large-scale deals, no contract beyond the 20,000 m² mark has yet been recorded, which essentially explains the lower result.
  • Despite the partly difficult economic conditions, demand is at a stable high level. However, the extensive market activity of the past few years has led to significant existing and new construction space being absorbed by the market and supply has been minimised accordingly.
  • The prime and average rents have already risen to 5.20 EUR/m² (+12 % vs. Q1 2022) and 4.50 EUR/m² (+11 %) respectively by the end of 2022. However, asking rents for new-build properties are already at a higher level.


  • Logistics firms dominated the distribution of take-up by sector in the first quarter with a share of 61 %. Two deals in particular in this segment have a significant impact here: firstly in Halle with 14,700 m² and secondly in the north of Leipzig with 9,500 m². While manufacturing companies contribute 25 %, retail companies are underrepresented with just over 14 %.
  • The distribution by size categories also shows a picture that is still untypical for the Leipzig market. While demand is generally quite broadly and evenly distributed across the segments, this is not yet reflected at present - with around 44 % in the 8,000 to 12,000 m² category and 34 % with contracts between 12,000 and 20,000 m².
  • The large-scale supply will be expanded in the coming quarters by speculatively started projects under construction. Due to a lack of alternatives, these new construction spaces are often fully let before completion.



  • Due to the still high demand, take-up is likely to pick up more strongly in the course of the year. A brightening economic outlook in conjunction with overarching processes such as the adjustment of supply chains and restructuring of individual sectors lead us to expect corresponding market activity. However, this presupposes sufficient and short-term availability of large and modern logistics spaces, which currently hardly exists. Particularly in the case of existing space, such requests are not matched by sufficient supply. However, the supply-demand ratio is supposed to improve in the second half of the year due to the progress of properties already under construction.
  • The noticeable increase in construction and financing costs in the past year, new requirements with regard to the implementation of ESG criteria as well as the overall limited supply suggest that the rental price level will continue to rise in the future, both at prime level and on average.



14,700 m²
Logistics firm

9,500 m²
Rhenus Archiv Services

4,000 m²
Fahrrad XXL

Download this market report as PDF

All rights reserved. At a Glance is protected in its entirety by copyright. No part of this publication may be reproduced, translated, transmitted, or stored in a retrieval system in any form or by any means, without the prior permission in writing of BNP Paribas Real Estate GmbH. The statements, notifications and forecasts provided here correspond to our estimations at the time when this report was prepared and can change without notice. The data come from various sources which we consider reliable but whose validity, correctness or exactness we cannot guarantee. Explicitly, this report does not represent a recommendation of any kind, nor should it be regarded as forming a basis for making any decisions regarding investment or letting or renting property or premises. BNP Paribas Real Estate can accept no liability whatsoever for any information contained or statements made herein.

Publisher and copyright: BNP Paribas Real Estate GmbH | Prepared by: BNP Paribas Real Estate Consult GmbH | Status: 31.03.2022
Further Information: BNP Paribas Real Estate | Branch office Leipzig | Phone +49 (0)341-711 88-0
Photo credits: Adobe Stock / C. By A. Fink; Mathias Weil