Hamburg Logistics Market Q1 2025

Hamburg's industrial and logistics real estate market achieved take-up of 121,000 sq m in the first quarter of 2025, doubling the result of the first quarter of 2024. The share of owner-occupiers was 55%, after no owner-occupiers were recorded in the prior-year quarter. 

New buildings accounted for 62% of take-up, an increase of 12%-points compared to the previous year. The pure letting share of new construction space was 24%. The prime rent remained stable at €8.50/sq m/month, while the weighted average rent fell slightly by 3% to €7.24/sq m/month due to the lack of new-build lettings.