RECORD RESULT DUE TO LARGE DEALS
- The Munich warehouse and logistics market achieved a take-up of 169,000 m² in the first half of the year, setting a record. This result is 59 % above the previous year's figure and around 43 % above the ten-year average. In a nationwide comparison, Munich is therefore well ahead and among the few top markets that were able to achieve an above-average result.
- This exceptional result in economically challenging times was primarily achieved by two major deals that are unusual for the Munich market. These include Siemens Mobility, which let a further 30,000 m² at its corporate location in Munich-Allach.
- Rents continue to rise noticeably, primarily because of the supply shortage that continues to dominate the market. Over the past twelve months, the prime rent has risen by almost 19 % to 9.50 €/m² and the average rent by 17 % to 7.50 €/m². Munich thus remains the undisputed most expensive German logistics market.
LOGISTICS FIRMS AND MANUFACTURING CLEARLY IN THE LEAD
- More than half of take-up to date has been achieved with large-scale deals over 20,000 m² (53 %). In addition, however, a lively dynamic was also observed in the smaller segments of up to 5,000 m², which are as well above their ten-year average in absolute terms. By contrast, the lack of available space this half-year is primarily reflected in the low take-up between 5,000 and 20,000 m².
- In terms of sector distribution, logistics firms, with 46 %, can move ahead of the manufacturing companies, which generally lead the field in Munich, following close behind with 43 %. Both categories thus achieve clearly above-average results. As nationwide, wholesale/retail companies have so far been underrepresented and contribute only 2 % with a few small-scale contracts.
- The proportion of owner-occupiers is exceptionally high at almost 42 %, alongside the proportion of new builds, which at 46 % is equally well above the average.