• The decrease of take-up volume on the warehouse and logistics real estate market in Hamburg especially affects owner-occupiers whose take-up decreased by 37%.
  • Take-up volume is constrained by scarcity of supply, especially in the mid-size segment.
  • In the size segment up to 1,500 sq m and from 10,000 sq m take-up volumes rose by 46 respectively 30%.
  • The share of new building area is declining – Since far too few lettable space is introduced to the market, a relaxation of the supply situation is not to be expected.
  • Due to the lack of area, rising land costs and an unabated high demand, there are progressive attempts for the development of multi-level logistic properties.
  • In the further course of the year, an increase in prime rents is to be expected as a result of the intensified supply situation.
  • A maximum take-up volume of 400,000 sq m is expected for 2019.