ca. 6.500 m² provisionsfreie Lager-/ Produktionsfläche mit Rampenandienung
ID: 97530Detailsca. 4.800 m² Logistikflächen mit Büro- und Mezzaninflächen zu vermieten
ID: 1012124Detailsca. 2.000 m² beheizte Hallenfläche mit Rampen und ebenerdiger Andienung
ID: 1041556DetailsMünchen-Ost, ca. 6.000 m² Hallenfläche zzgl. Büro zu vermieten
ID: 1038858DetailsMagdeburg/ Sülzetal ca. 14.000 m² Logistikhalle | Teilbar ab 5.500 m²
ID: 1031852DetailsCa. 1.900 qm Lager | viele Rampen | 2,50 - 6,00 m UKB | preiswerter Mietzins!
ID: 1007266Details24/7 | Kalthalle | ebenerdig
ID: 1041694DetailsMünchen-Nord, Neubau mit ca. 1.900 m² Hallen- und Bürofläche zu vermieten
ID: 1030619DetailsOttobrunn, ca. 1.000 m² Lagerfläche mit Büro zu vermieten - teilbar
ID: 1030346DetailsOttobrunn, ca. 1.000 m² Lagerfläche mit Büro zu vermieten - teilbar
ID: 1028693DetailsMunich-North, warehouse and office spaces for rent
ID: 1041277DetailsMunich-North, warehouse and office spaces for rent
ID: 1013489DetailsMunich-North, warehouse and office spaces for rent
ID: 1022270DetailsMunich-North, warehouse and office spaces for rent
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ID: 1002692DetailsMunich-North, warehouse and office spaces for rent
ID: 1034768DetailsMunich-North, warehouse and office spaces for rent
ID: 1034767DetailsMunich-North, warehouse and office spaces for rent
ID: 1032598DetailsAugsburg, site with about 2.500 sqm for rent
ID: 9040DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1031912DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1031769DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1030724DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1030615DetailsGladback, warehousing space for wholesale or retail for rent
ID: 95769DetailsGladback, warehousing space for wholesale or retail for rent
ID: 1021247DetailsNeuss, approx. 1,295 sqm warehouse space in a business park for rent
ID: 997156Details
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Hamburg region: REALOGIS analyses the market for logistics and industrial properties in 2024
- Moderate decline of take-up of 8% compared to the previous year
- More than four out of five transactions in existing properties
- Three of the top 5 deals in new builds
- Regional ranking: Hamburg East and West with growth
- Industry ranking: Logistics/distribution expands its leading position
- Ranking of size categories 2024: Smallest spaces with significant plus
- Stable prime and average rents
- Outlook: Higher momentum expected after 2025

Coming from 300,000 m² in 2023, the decline is in single digits at 8% and therefore lower than in the previous year, when take-up fell by a significant 39% (FY 2022: 490,000 m²). The 5-year average of 443,000 m² was missed by 38% in 2024.
Key take-up drivers
The company | Location | Take-up | Building status | Industry |
Rewe Group | HH-North | 25,000 m² | Existing building | Retail |
Sterac Transport & Logistics | HH-surrounding area East | 10,000 m² | New building | Logistics |
Kühne + Nagel International AG | HH-East | 9,000 m² | New building | Logistics |
FW Fulfillment + Logistik GmbH | HH-South | 9,000 m² | Existing building | Logistics |
Freudenberg Group | HH-East | 8,500 m² | New building | Manufacturing |
Transactions in existing properties dominated market activity in 2024: With more than four out of five square metres (84%) or 230,000 m² taken up, they further expanded their importance by 14 percentage points year-on-year and increased by 21,500 m² or 10% in absolute terms, coming from 208,500 m² in 2023.
Two of the five largest deals - Rewe Group with 25,000 m² and FW Fulfillment + Logistik GmbH with 9,000 m² - were in the category of existing properties and contributed a total of 34,000 m² or 15% of take-up within this category.
Contracts in new-build properties totalled 45,000 m², 61% (27,500 m²) of which was accounted for by the top three companies: Sterac Transport & Logistik (10,000 m²), Kühne + Nagel International AG (9,000 m²) and Freudenberg Industrial Service GmbH (8,500 m²).
"The successful take-up of space in new-build properties underlines the necessity and attractiveness of contemporary logistics properties for occupiers," affirms Stefan Imken, Managing Director of Realogis Immobilien Hamburg GmbH.
However, based on new-build take-up of 91,500 m² or 31% in 2023, the current result is equivalent to a halving, which is partly due to the reluctance of project developers and owner-occupiers to create and complete new-build properties due to the current economic situation and demand for space.
Major deals for brownfield developments have not been observed.
The classification of users remained similar to the previous year: Hamburg continues to be a predominantly rental market. 87% of all space, or 240,000 m², was taken up by tenants in 2024 (FY 2023: 259,000 m² or 86%). Owner-occupiers accounted for 13% or 35,000 m² (FY 2023: 41,000 m² or 14%), which is a respectable result compared to other top 8 regions.
Ranking of regions: Hamburg East and West with growth
The region with the highest take-up in Hamburg's rental and owner-occupier market in 2024 was Hamburg East (eastern city area and eastern environs) with 115,000 m² or 42% (FY 2023: second place with 81,000 m² or 27%). The region took the top spot in the regional rankings for the first time since 2018 with the most significant growth of all regions in both absolute and percentage terms of +34,000 m² or +42%,. The top deals by Sterac Transport & Logistik (10,000 m²), Kühne + Nagel International AG (9,000 m²) and the Freudenberg Group (8,500 m²) contributed a total of 27,500 m² or 24%. Although the proportionate gain in importance also stands out with an increase of 15 percentage points, the 5-year average of 142,940 m² was not achieved or was missed by 19.5% (but significantly lower than in FY 2023: -43.6%).

The previously third-placed West region followed in second place with 92,500 m² or 34%, up from 69,000 m² or 23%. 2024 represents the best result for the West region since 2018 - despite the fact that none of the top deals are currently attributable to this region. It is also the only other region apart from Hamburg East to record growth, which currently stands at 23,500 m² or 34%. It was also the only region to significantly exceed its 5-year average of 56,480 m² (+64%).
The North region is in third place with 45,500 m² or 16%, followed by fourth place with 51,000 m² or 17% (-5,500 m² or -11% compared to the previous year's result). Proportionally, the decline is only one percentage point - meaning that the result is close to the previous year's figure. The largest deal in this submarket, and the only one in the Hamburg market as a whole to exceed 10,000 m² in the reporting period, was signed by the Rewe Group for 25,000 m² of space. The deal was decisive for this region, contributing 55% of take-up. However, this was not enough to reach the 5-year average, which is around 70,000 m² (-35%).
The South region, which had previously been in first place, fell the most, coming in fifth place with 22,000 m² or 8% in the past year (FY 2023: 99,000 m² or 33%; 87% difference to the 5-year average of 173,700 m²). The top deal by FW Fulfillment + Logistik GmbH for 9,000 m² accounted for 40% of take-up.
Sector ranking: Logistics/distribution expands its leading position compared to the previous year
The Logistics/distribution sector expanded its leading position among all sectors in 2024 with an increase of 24% to currently 129,000 m² or 47%, up from 104,000 m² or 35% in the same period of the previous year. This is both the most significant absolute and percentage increase in take-up among all sectors. Three of the five largest take-up contributors - Sterac Transport & Logistik with 10,000 m², Kühne + Nagel International AG with 9,000 m² and FW Fulfillment + Logistik GmbH with 9,000 m² - together accounted for 28,000 m² or 22%.
Although none of the sectors can reach the level of their respective current 5-year average - which is characterised by record take-up in 2020 (520,000 m²), 2021 (630,000 m²) and 2022 (490,000 m²) - logistics/distribution undercuts its value of 192,140 m² by 33%, but the least of all.

Retail/Wholesale follows in second place with 96,000 m² or 35%, coming from 79,000 m² or 26%, which climbed one place in the sector ranking compared to the previous year. The largest take-up in 2024 by the Rewe Group accounted for 25,000 m² or 26% of retail take-up. Alongside Logistics/Distribution, retail is the only other sector to see an increase in take-up (+17,000 m² or +22%). The 5-year average of 147,600 m² represents a decline of 35%.
Within the sector, take-up by companies in the traditional retail sector accounted for 62,500 m² or 65% (up from 64,500 m² or 82%). Pure .e-commerce companies were able to catch up and contributed 35% or 33,500 m², which corresponds to an increase of 19,000 m² compared to 2023. This compensates for the delta of 2,000 m² in the traditional retail sector, meaning that the retail category has 17,000 m² more space take-up year-on-year.
In third place is the previously second-placed industry Manufacturing with 35,000 m² or a share of 13% (FY 2023: 85,000 m² or 28%, -50,000 m² or -59%). The top take-up by the Freudenberg Group accounted for 8,500 m² or 24%.
The collective category "Other" remains in last place with 15,000 m² or 5% (FY 2023: 32,000 m² or 11%, -17,000 m² or -53%).
The growth in Retail/Wholesale and companies in the Logistics/Distribution sector totalling 42,000 m² was completely absorbed by the decline in the Manufacturing and “Other” categories, resulting in a delta of 25,000 m² in total. The majority of the delta is attributable to the manufacturing sector (-50,000 m² or 74% of the decline).
Ranking of size categories in 2024: Micro spaces with significant growth
For the first time since Realogis began keeping records, very small spaces of less than 1,000 m² are in first place. At 76,000 m² or 28%, up from fourth place with 50,500 m² or 17%, they rose the most significantly of all categories. This corresponds to an increase of 11 percentage points in proportionate importance or 25,500 m² in absolute terms.

Medium to smaller spaces between 1,000 and 3,000 m² are in second place in 2024 with 66,000 m² or 24%, up from 51,000 m² or 17% (growth of 15,000 m² or 29%).
The mid-size category of 3,001 to 5,000 m² is in fourth place with 53,000 m² or 19%, up from 36,200 m² or 12%. In absolute terms, this category recorded the second strongest year-on-year growth with +16,800 m² or 46.4%.
The size class of the next category, space from 5,001 to 10,000 m², accounted for 55,000 m² or 20% (-4 percentage points) and took third place in 2024. Four of the top 5 deals belong to this size category and account for a total of 36,500 m² or 66% of take-up.
Large spaces of 10,001 m² or more recorded only one top deal in 2024 with the Rewe Group over 25,000 m². At 9%, large-space deals account for slightly less than one in ten square metres of take-up in Hamburg's industrial and logistics property market. Coming from 90,800 m² or 30% in 2023, the absolute delta is 65,800 m²; proportionally, the category is down the most of all by 21 percentage points.
Stable prime and average rents
At €8.25/m², the prime rent remains stable at the previous year's level, while the 5-year average is €7.44/m² (exceeded by 10.9%).

The average rent increased by 2.5% year-on-year to €6.25/m², stagnating compared to the first half of 2024. The average rent is currently 9.1% above the 5-year average of €5.73/m².
"Due to the ongoing decline in demand, the enormous rent increases of recent years have slowed down. Companies are looking closely at the circumstances under which it makes sense to rent or buy due to the current economic situation. On the other hand, landlords' willingness to offer incentives for the benefit of occupiers has increased further over the course of 2024," comments Stefan Imken.

Outlook for 2025
"We assume that the Hamburg logistics and industrial property market will not become noticeably more dynamic for all market participants until the end of 2025," explains Stefan Imken. "Even if a new government is formed and economic programmes are quickly launched in a targeted manner, the expected increase in demand will still be met by a low supply of space, meaning that take-up by all market participants is expected to be around 225,000 m² in 2025 as a whole. Furthermore, it is not yet possible to predict how possible tariffs imposed by the USA as a result of the Trump government will affect Germany as an export nation. It would be desirable for demand in the large-volume space segment to pick up again and to be met by an adequate supply of available existing space and high-quality properties."
Press contact REALOGIS:
SH/Communication - Agency for Public Relations
Silke Westermann
Tel: +49/211/53 88 3-440
E-Mail: s.westermann@shcommunication.de
Company contact REALOGIS:
REALOGIS Holding GmbH
Silja Schuppler
Marketing
Leopoldstraße 154, 80804 Munich, Germany
Tel: +49/89/51 55 69 17
E-Mail: s.schuppler@realogis.de
www.realogis.de
REALOGIS. The No. 1 for industrial and logistics properties
The REALOGIS Group is Germany's leading address for consulting and brokerage services for industrial and logistics properties and commercial land. Founded in 2005, the owner-managed, healthily grown and crisis-proof group of companies knows the German market like no other. In 2023 Realogis generated 982,232 m² of usable space alone in the letting segment. Net commission income from all services totalled around 19 million euros in the 2023 financial year.
REALOGIS won the 2021 German Real Estate Award in the "Commercial Player" category. The award recognises companies for their special commitment, creativity, innovative strength and sustainability.
The group of companies includes eight branches in Berlin, Düsseldorf, Germany South/North, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart.
Around 70 property professionals provide advice and support to national and international companies from the logistics, e-commerce, retail and industrial sectors as well as private and institutional investors. Fast, flexible, regional and customer-orientated.
The four core competences include finding tenants with strong credit ratings for existing and new properties, supporting investors in property investments and in the development of greenfield and brownfield projects, providing a perfect service for finding or selling properties and developing and implementing holistic property strategies. This covers the entire property cycle - from location analysis and optimisation of expansion targets to the sale of assets that are no longer required for operations.
In short: REALOGIS offers "More space for your success" in every respect.