Mid - 2025 logistics overview..

Frankfurt region is up modestly, however Munich is still below long-term average despite recent year on year gains.

Nationwide take-up for logistics and industrial space in the first half of 2025 was about 2.52 million sqm.

First half of 2025 saw an upward trend , leasing and owner-occupation in Germany’s industrial and logistics sector reached around 2.5 million m², roughly 3-5% up on the same period last year.

Among the top 8 logistics and industrial hubs, leasing has rebounded strongly, bringing results close to the five year averages.

Leasing activity is expected to continue improving in the second half as delayed expansions kick in.

New construction is unlikely to surge dramatically: supply growth will remain modest, and groundbreaking activity has already picked up slightly.

Rental growth will remain positive but tempered, especially in prime hubs. Markets outside prime geographic sweet spots may see flatter growth or more negotiation.

Investors are likely to keep favouring core and core-plus assets; large portfolios remain constrained, but single large deals are helping revive deal flow.