Let warehouse space increased by 33,500 sq m or 21% compared with the same period last year. While this was still 31% below the current five-year average for warehouse space of 277,180 sq m, the shortfall was significantly smaller than in H1 2025, when it had stood at 46%.

The five largest lease transactions by JD Logistics with 41,430 sq m, ASML with 27,000 sq m, acut fulfillment with 11,520 sq m, Capital Baustoffe with 11,400 sq m and FST Industrie with 11,200 sq m together accounted for 49% of the Berlin letting and owner-occupier market.

Alexander Ego, Managing Director of REALOGIS Immobilien Berlin GmbH, comments: "Take-up over the past six months was shaped to a significant extent by a handful of large-scale deals, with owner-occupiers in particular making an exceptionally strong contribution. At the same time, demand for modern business parks remains at a high level, although suitable space is often not available in sufficient quantities in the locations in demand."

Rents stable at a high level
Prime rent remained unchanged at €10.50/sq m in H1 2026, bringing the upward trend that had continued since records began in 2016 to a halt for the time being. Despite moving sideways, it remained at an above-average level and exceeded the current five-year average of €9.55/sq m by 10%. Average rent also remained at the level of the same period last year at €8.10/sq m. A comparable development was last observed in H1 2019. The current five-year average of €7.60/sq m was still exceeded by 7%.

Existing space ahead of brownfield developments
With 110,400 sq m or 52% of total take-up, lettings in existing properties dominated market activity. The lease transactions by acut fulfillment with 11,520 sq m, Capital Baustoffe with 11,400 sq m and FST Industrie with 11,200 sq m made a key contribution to this result. Together, they accounted for 31% of take-up in this category.

Lettings in new builds on former brownfield sites reached 91,200 sq m or 43% of total volume. Three quarters of this was attributable to the two largest lease transactions in the first half of the year. These were concluded by JD Logistics in Q1 with 41,430 sq m and ASML in Q2 with 27,000 sq m. New builds on greenfield sites accounted for 9,400 sq m or 5%.

By building type, big-box spaces were clearly ahead with 143,900 sq m or 68%. They were followed by other properties, which were assigned neither to big-box spaces nor to business parks, with 34,100 sq m (16%). Business parks recorded take-up of 33,000 sq m.

In the first half of the year, 166,600 sq m (79%) of take-up was attributable to lettings. Owner-occupiers contributed 44,400 sq m (21%).

Berlin urban area was the strongest region
The Berlin urban area was the region with the highest take-up, with 93,500 sq m or 44%. The headline deals by ASML in the south of the city and FST Industrie in Berlin West totalled 38,200 sq m and thus accounted for 41% of urban take-up. Within the urban area, Berlin South led the ranking with 47,900 sq m (51%). Berlin West followed in second place with 22,600 sq m (24%). Berlin North reached 14,400 sq m (16%), while Berlin East came to 8,600 sq m (9%).

The second-placed region was the surrounding area to the south of Berlin with 87,800 sq m (42%). The surrounding area to the west of Berlin ranked third with 15,300 sq m (7%), just ahead of the surrounding area to the north of Berlin with 14,400 sq m. No take-up was recorded in the surrounding area to the east of Berlin in H1 2026.

Logistics/Distribution lead ahead of retail and manufacturing
The Logistics/Distribution industry ranked first with 78,100 sq m or 37%. The lease transactions by JD Logistics with 41,430 sq m and acut fulfillment with 11,520 sq m together accounted for 68% of industry take-up.

Retail/Wholesale followed with 56,900 sq m (27%). Within retail, the distribution was almost balanced. E-commerce accounted for 26,500 sq m (47%) after no lease transaction had been recorded in this sub-segment in H1 2025. Traditional retail reached 30,400 sq m (53%) of retail take-up. Capital Baustoffe made a significant contribution to this result with 11,400 sq m (38%).

The Manufacturing industry ranked third with take-up of 51,000 sq m (24%). The two headline deals by ASML and FST Industrie totalled 38,200 sq m and thus accounted for 75% of industry take-up. The Supply/Others category reached 25,000 sq m (12%).

Large-scale segment entirely driven by five lease transactions
Large-scale units from 10,001 sq m remained market-defining and reached 102,550 sq m. This means 49% of take-up in the Berlin market area was attributable to this size category. The volume was generated entirely by the five largest lease transactions of the first half of the year.

Medium-sized to larger units between 3,001 sq m and 5,000 sq m ranked second with 37,700 sq m (18%). They were followed by units between 5,001 sq m and 10,000 sq m with 33,400 sq m (16%).

Smaller units between 1,000 sq m and 3,000 sq m totalled 30,400 sq m (14%). Small units below 1,000 sq m played a subordinate role with 6,950 sq m (3%).

Key figures at a glance

• Take-up: 211,000 sq m
• Prime rent: €10.50/sq m
• Average rent: €8.10/sq m
• Existing properties: 110,400 sq m | New build on brownfield sites: 91,200 sq m | New build on greenfield sites: 9,400 sq m
• Tenants: 166,600 sq m | Owner-occupiers: 44,400 sq m

Press contact REALOGIS:
TARGA Communications
Jochen Goetzelmann and Arne Degener
Tel: +49 (151) 196 933 90
E-Mail: realogis@targacom.de

Company contact REALOGIS:
REALOGIS Holding GmbH
Silja Schuppler
Marketing Manager
Leopoldstraße 154, 80804 Munich
Phone: +49/89/51 55 69 17
E-mail: s.schuppler@realogis.de
www.realogis.de

REALOGIS. The No. 1 in industrial and logistics real estate
The REALOGIS Group is Germany's leading address for consulting and brokerage services for industrial and logistics real estate as well as commercial properties. As an owner-managed company with offices in Berlin, Düsseldorf, southern and northern Germany, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart, the company, founded in 2005, has in-depth market knowledge and more than twenty years of experience in the German real estate sector.

Around 70 employees support national and international companies from the logistics, industrial, retail and e-commerce sectors, as well as private and institutional investors. The range of services includes finding tenants for existing and new-build properties, supporting investors with acquisitions and project developments, advising on property searches or sales, and developing and implementing holistic real estate strategies, from location analysis to the utilisation of assets no longer required for business operations.