The TOP 8 industrial and logistics real estate market in Germany generated a solid take-up of around 2.0 million sqm in the first nine months. Despite regional differences in take-up and the general reluctance of market players to make decisions in the previous quarter, still the total take-up alter nine months was around 8 % higher than in the same period of the previous year. The logistics regions Berlin, Frankfurt, Hamburg, Cologne and Munich (excluding the exceptional lease by KraussMaffei of around 137,800 sqml recorded higher takeups than in the second quarter. This is mainly due to leases that were suspended or postponed in the first half of the year. In particular leases above 10,000 sqm were signed more frequently in the third quarter. Nevertheless, the predominant shortage of space is leading to a negative trend in the take-up in the logistics regions despite the high demand, especially from the ecommerce sector. This is also having an impact on rental prices, which, while remaining stable, are showing a clear upward trend.
