At a Glance Q2 2022

Logistics market Ruhr Region

Logistikmarkt Ruhrgebiet BNPPRE
307,000 m²
TAKE-UP
+76 %
Q2 22 vs. Q2 21
+38 %
IN COMPARISON TO 10-YEAR
AVERAGE

BEST HALF-YEAR RESULT SINCE 2016

  • In the first half of 2022, the Ruhr region logistics market seamlessly continued its success story of recent years and exceeded the previous year's result by 76 % totaling a take-up of 307,000 m². Overall, the 300,000 m² mark was surpassed for the second time after only six months and the long-term average was also significantly outperformed (+38 %).
  • The very good result was driven by the second quarter, which accounts for 61% of take-up and provides two large-volume deals in new buildings with 50,000 m² each in Oberhausen for the logistics firm ITG and the online supermarket Picnic.
  • The high proportion of new buildings (61%) is also reflected in the development of the prime and average rents, which increased once again to 5.80 €/m² and 4.75 €/m², respectively, against the background of sharply rising construction costs.

RETAIL AND LOGISTICS DRIVE UP THE RESULT

  • The polycentric structure of the Ruhr region offers both retail and e-commerce as well as logistics firms optimal location conditions, which was once again reflected in the take-up in the first half of the year: Both sectors were able to contribute a very high volume of over 100,000 m² each to the overall result.
  • Retail companies take the lead, with players from the online and offline food sector (e.g. Rewe, Knuspr, Picnic), but also from the fashion sector (including JD Sports), generating 180,000 m² and a share of 59%. Logistics firms account for 112,000 m² or 37%, while production companies have only recorded a take-up share of 5% so far.
  • Within the size categories, the big deals (> 20,000 m²) with an above-average share of 54 % has to be mentioned as a decisive driver of the very good result.

PROJECTS PRE-LET, EXISTING SPACE RARELY VACANT

OUTLOOK

  • The demand situation in the Ruhr region can still be rated as very good and is continually stimulated by the e-commerce sector and the restructuring of supply chain processes in particular.
  • However, the economic and geopolitical uncertainties as well as the continuing supply shortage in the most sought-after locations in the Ruhr region are possible limiting factors for high take-up in the second half of the year. Projects that are already pre-let long before completion and the increasing importance of lease extensions in the stock sector contribute decisively to this development.
  • Against this background, it is not surprising that the upward trend in rents is likely to continue.

LOGISTICS MARKET RUHR REGION

MAJOR CONTRACTS

50,000 m²
ITG-Gruppe
Oberhausen

50,000 m²
Picnic
Oberhausen

41,000 m²
Cordes & Graefe
Selm

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Publisher and copyright: BNP Paribas Real Estate GmbH | Prepared by: BNP Paribas Real Estate Consult GmbH | Status:: 30.06.2022
Further Information: Christopher Raabe, Head of Logistics & Industrial | Phone +49 (0)40-348 48-0
Photo credits: Adobe Stock / Marcus Retkowietz; Mathias Weil