HOCHWERTIG | 650 m² HALLE | 800 m² AUSSTELLUNG
ID: 998947DetailsGarching, repräsentatives Produktionsgebäude mit hochwertigen Büroflächen
ID: 93135Detailsca. 400 m² große, ebenerdige Lager-Produktionshalle mit Meisterbüro in Top Lage
ID: 1036679DetailsDirekt am Autobahnkreuz Ulm/Elchingen - Neubau multifunktionaler Logistik- und Produktionsflächen
ID: 994300DetailsLOGISTIK | RAMPEN | FREIFLÄCHE
ID: 1008605DetailsLager-/Logistik | Neubau | Rampen | teilbar | ebenerdig
ID: 1016255DetailsGEWERBEPARK | ERSTBEZUG | TOP-LAGE
ID: 996681DetailsBremen, ca. 1.300 m² Lager-/ Logistikfläche zu vermieten
ID: 1032273DetailsMünchen - Nord, Hallen- und Freiflächen in Bestlage zu vermieten
ID: 101077DetailsPROVISIONSFREI | GEWERBEPARK | FLEXIBEL
ID: 1000973DetailsArnsdorf | ca. 9.000 m² | Lager & Logistik | Betonrampe & ebenerdig | teilbar ab 2.000
ID: 1009874DetailsRepräsentativer Gewerbepark
ID: 1005086Detailsca. 1.350 m² große, ebenerdige Hallenfläche mit Büro
ID: 1035432DetailsPRODUKTION | LAGER | RAMPE
ID: 991522DetailsHochwertige Hallenfläche | ebenerdig | Neubau
ID: 1028652DetailsGarching, Neubau von ca. 8.000 m² Lager-,Forschungs- und Bürofläche
ID: 1030576DetailsMunich-North, warehouse and office spaces for rent
ID: 1033335DetailsMunich-North, warehouse and office spaces for rent
ID: 1024609DetailsMunich-North, warehouse and office spaces for rent
ID: 1034331DetailsMunich-North, warehouse and office spaces for rent
ID: 1002692DetailsMunich-North, warehouse and office spaces for rent
ID: 1034768DetailsMunich-North, warehouse and office spaces for rent
ID: 1034670DetailsMunich-North, warehouse and office spaces for rent
ID: 1034767DetailsMunich-North, warehouse and office spaces for rent
ID: 1025539DetailsMunich-North, warehouse and office spaces for rent
ID: 1010949DetailsMunich-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: 1031836DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1028145DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1030724DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1030615DetailsAugsburg, site with about 2.500 sqm for rent
ID: 1023871DetailsGladback, warehousing space for wholesale or retail for rent
ID: 95769DetailsGladback, warehousing space for wholesale or retail for rent
ID: 1013489DetailsDüsseldorf Stadtmitte | ca. 462 m² Lagerfläche | Büro | ebenerdig
ID: 1025426DetailsDüsseldorf Stadtmitte | ca. 462 m² Lagerfläche | Büro | ebenerdig
ID: 1026621DetailsDüsseldorf Stadtmitte | ca. 462 m² Lagerfläche | Büro | ebenerdig
ID: 1022435DetailsDüsseldorf Stadtmitte | ca. 462 m² Lagerfläche | Büro | ebenerdig
ID: 1023380DetailsDüsseldorf Stadtmitte | ca. 462 m² Lagerfläche | Büro | ebenerdig
ID: 1014315DetailsNeuss, approx. 1,295 sqm warehouse space in a business park for rent
ID: 997156DetailsBERLIN-FRIEDRICHSHAIN | ca. 1.560 m² | EXKLUSIVE MIETFLÄCHE IM ZENTRUM
ID: 1017665DetailsBERLIN-FRIEDRICHSHAIN | ca. 1.560 m² | EXKLUSIVE MIETFLÄCHE IM ZENTRUM
ID: 1019585Details
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Market report Berlin for the year 2021
- About the logistics market in the economic region
Market report on letting of logistics properties and industrial sites in the Greater Berlin area for full year 2021
The Berlin market for rental and owner-occupied industrial and logistics properties achieved an absolute record year in 2021. With total take-up of 624,700 m² generated by all market participants, it marked the highest annual result since records began. For market experts, this record take-up is all the more remarkable given that the new Tesla location – which had been regarded as the dominant major deal at the start of the year – could not be included in the analysis of the 2021 results due to the lack of planning permission.
According to our analysis, take-up in the past twelve months rose by a strong 30% year-on-year (after 480,700 m² in 2020), representing the highest percentage increase since records began. Within seven years, the volume of space taken up more than doubled (2014: 310,000 m²).
The five-year average, currently also at a high of 492,378 m², was exceeded by 27% in 2021. Apart from a single dip in growth of -4.3% in 2020, the Berliner industrial and logistics property market has seen consistent growth in take-up over the past five years.
According to our estimation, there will still be lively activity in the first quarter of 2022 at least. Around 100,000 m² was already exclusively pre-reserved on the Berlin market last year. These deals are expected to be closed in the first quarter. However, market activity will decline significantly after this, as Berlin will then also be impacted for the first time by the extreme shortage of space observed throughout Germany for years, particularly for good-as-new industrial and logistics properties. In central Berlin, the market has been swept clean. So companies wishing to relocate can now only move to the direct or more distant surroundings.
Facts
Highest total take-up in history at 624,700 m²
30% above previous year’s result and 27% above five-year average
Take-up of new and existing properties level pegging
South Berlin accounts for large share of take-up at almost 40%
Logistics/ distribution is leading sector for first time
Large spaces dominate: 7 top deals of more than 17,500 m² each registered
Prime rent at high of EUR 7.20/m²
Forecast: Backlog of leases from 2021 for 100,000 m² already being closed in Q1 2022, then the shortage of space throughout Germany will also impact Berlin
Take-up of new and existing properties level pegging
In 2021, the two categories of new and existing properties were level pegging for the first time at 311,300 m² each. Market activity in 2018 had been dominated by new builds, then in 2019 and 2020 the situation was reversed. In absolute terms, new builds increased by 46% year-on-year in 2021 (growing from 214,200 m² to 313,400 m²). Existing properties also increased in absolute terms, but more moderately, rising by 17% from 266,500 m² to 311,300 m².
South Berlin accounts for large share of take-up at almost 40%
As in the previous year, the “Region South” was where the most space was rented, accounting for a 39.6% share (247,100 m²) of total take-up. The region thus recorded an increase of 25% in absolute terms, compared to 197,200 m².
In second place, also as in the previous year, was Berlin city centre (consisting of the north, west, south and east) with take-up amounting to 178,000 m² and a 28.5% share of total take-up.
However, this region lost the most ground in terms of relative importance with a decline of 12.2 percentage points (compared to a share of 40.7% or 195,600 m²). With 78,900 m² or 44.4% of take-up, Berlin West catapulted itself to the top of all central Berlin areas while also marking the most significant increase of 13 percentage points. Berlin South accounted for 62,000 m² (34.8% of take-up in central Berlin), representing a year-on-year decline of 5 percentage points. It was followed by the sub-markets of Berlin East and Berlin North, which were almost level pegging at 18,600 m² (10.4%) and 18,500 m² (10.4%) respectively.
The northern region accounted for a share of 12.8% or 80,000 m², having quadrupled its sub-market result as against the previous year (2020: 21,700 m²). Berlin’s western region doubled its take-up to 64,600 m² (share of 10.3%; 2020: 31,700 m²). In last place was Berlin’s eastern region with a share of 8.8% or 55,000 m².
Lessors with highest take-up
Lidl, approx. 30,300 m² (Expansion), Retail (e-commerce)
Raben, approx. 27,000 m² (Expansion), Logistics
Bergmann und Franz, approx. 25,000 m² (Relocation), Retail
Gestamp, approx. 20,500 m² (New business), Production
Rieck, approx. 19,000 m² (Expansion), Logistics
BLG, approx. 18,500 m² (Expansion), Logistics
SAS, approx. 17,500 m² (New business), Production
Logistics/ distribution is leading sector for first time
The logistics/ distribution sector, which was still in third place in the previous year, became the most important sector on the Berlin warehousing, logistics and industrial property market with a share of 38.8% or 242,600 m². Out of all sectors, it gained the most ground in terms of relative importance, rising by 13 percentage points (from its previous share of 25.8%) Logistics/ distribution saw strong growth in absolute terms, too, almost doubling its take-up year-on-year (2020: 124,200 m²).
With the three expanding companies Raben Group (27,000 m²), Rieck Logistik Group headquartered in Großbeeren (19,000 m²) and BLG Logistics Group (18,500 m²), three of the top seven deals of 2021 were attributable to this segment.
Retail, which was in the lead for the previous five consecutive years, fell to second place with a share of 30.9% or 193,000 m² and saw the second-biggest decrease in its share at around -6 percentage points (compared to a share of 37.3% or 179,100 m²). Within this category, e-commerce gained ground with a share of 70.7% (or 136,400 m²) as compared to bricks-and-mortar retail with 29.3% or 56,000 m².
The share of e-commerce has thus reached a new high, exceeding its previous highest level from 2019, when e-commerce accounted for 67% of total take-up (compared to bricks-and-mortar retail with 33%). Two of the seven biggest deals were in the retail category: The biggest registered deal in 2021 by the discounter LIDL for 30,300 m² (expansion) and the deal by the sanitation wholesaler Bergmann und Franz for 25,000 m² (relocation).
The manufacturing category came to a share of 17.6% with 109,700 m², having lost the most ground in its role as a lessor at -11 percentage points compared to 28.6% or 137,700 m² in 2020. Two of the seven lessors with the highest take-up were attributable to this category due to new business: Gestamp with 20,500 m² and SAS with 17,500 m². The miscellaneous category “Other” accounted for a share of 12.7% or 79,400 m².
Market dominated by large spaces
Over the year as a whole, we observed a total of 154 deals in all size categories and by all market participants on the Berlin market for logistics, warehousing and industrial space (2020: 151).
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As in the previous year, the largest share of space was contributed by the category of large spaces of 10,001 m² or more, which accounted for 39.5% or 246,500 m². 13 of the 154 deals (9%) were in this size category (2020: 9). The seven biggest of these together come to 157,800 m², corresponding to 64% of take-up in this size category and 25% of total take-up on the Berlin warehousing, logistics and industrial property rental market.
At 27.8% or 173,700 m², the second-largest share was attributable to the 5,001 – 10,000 m² category. It thus gained the most ground with its relative share rising 11 percentage points (2020: share of 17% or 79,700 m²). A total of 22 leases were concluded here (14%), 12 more than in the previous year.
The 3,001 - 5,000 m² category came in fourth with a share of 12.2% or 76,500 m². It lost the most ground out of all size categories in 2021, at 8 percentage points (2020: 20% or 97,800 m²). 19 deals, representing 12% of total take-up, were attributable to this category (2020: 23).
Small to medium-sized spaces of 1,001 – 3,000 m² account for a share of 14.9% or 93,100 m², putting them in third place as in the previous year (17% or 82,000 m²). The highest number of deals is attributable to this category at 53 (34%), up 7 on the previous year.
The smallest spaces of less than 1,000 m² contributed take-up of 5.6% or 34,900 m² in 2021 with 47 deals (2020: 10% or 47,400 m², 63 deals).
Prime rent at a high, average rent stagnating
Over the past five years, the prime rent – starting from EUR 5.50/m² in 2017 and with the highest increase to date of 23.6% to EUR 6.80/m² in 2018 – developed very dynamically and reached its highest level so far of EUR 7.50/m² in H1 2021. This was confirmed at the end of 2021. The current prime rent of EUR 7.50/m² corresponds to a moderate year-on-year increase of 4.2% (2020: EUR 7.20/m²). It thus exceeded the current five-year average of EUR 6.80/m² by 10.3%.
The average rent has also developed dynamically over the past five years, rising continuously except last year. It is currently stagnating at EUR 5.90/m². As with the prime rent, 2018 was the year that saw the biggest increase of 22.2% to EUR 5.50/m². The current five-year average of EUR 5.52/m² was thus surpassed by 6.90% in 2021.
As the prime rent is rising in contrast to the average rent, the gap between prime and average rent has increased to currently EUR 1.60/m²; in the previous year (when both rent categories increased), the gap had come to EUR 1.30/m².
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Berlin - 2021