2025 Logistic Real Estate Overview - Germany

2025 has been a cautiously optimistic year for the German logistics real estate market. After a difficult 2024, activity began to recover during the first half of 2025 as take up increased and vacancy rates began to ease.

Overall, by the end of the first three quarters, total take up across Germany reached around 3.9 to 4.0 million square meters, representing an increase of roughly 8 to 10 percent compared with the same period in 2024.

New build logistics properties still made up nearly half of all take up, although their share continued to decline compared with previous years.

Regional trends varied notably. In the Ruhr area, take up grew by about 12 percent, with large scale warehouses remaining the most active segment while rents stayed stable. In the Berlin region, demand strengthened significantly, and by the third quarter warehouse take up had risen almost 50 percent compared with the previous year. Some markets, such as the Stuttgart region, performed more weakly and fell well below their five year averages.

Investment activity remained moderate. In the first half of 2025, transaction volume reached approximately 2.63 billion euros, slightly lower than in 2024, although larger deals began to return, signalling renewed confidence among investors.