TAKE-UP SLIGHTLY ABOVE PREVIOUS YEAR'S LEVEL; NOTICABLE MARKET RECOVERY IN Q2
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In the first half of 2025, the warehouse and logistics market in the Ruhr region recorded 201,000 sqm of take-up. This result is 5% higher than the same period last year but 16% lower than the long-term average of 238,000 sqm. Deal momentum picked up noticeably in the last three months compared to the first quarter, putting the polycentric logistics region in third place behind Hamburg and Düsseldorf.
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Overall, the take up is primarily based on large-scale contracts, which benefited the second quarter in particular. Notable deals included two logistics service providers in Oberhausen (34,600 sqm and 20,200 sqm, respectively) and to the Dutch logistics firm Raben Trans European in Duisburg (28,400 sqm). There is increasing demand from Asian service providers in the market, some of whom require large-scale warehouses at short notice to handle logistics for major Chinese online retailers.
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The Ruhr area is the only top location where prime rent rose in the second quarter, reaching €7.90 per sqm (+4%). However, it should be noted that incentives are increasingly being granted in the high-price segment in particular. The average rent has gradually risen over the past few quarters and is currently at €6.50 per sqm – a 7% increase compared to H1 2024.