Hamburg is the second largest European seaport with more than 10,000 logistics companies and 330,000 employees in the logistics sector, as well as Europe's No. 1 for the rail transportation of containers. Hamburg Airport, which is close to the city center, is an important transshipment point for express freight for the maritime and aviation industries, among others.
In 2025, the Hamburg market for logistics and industrial space achieved a take-up of around 315,000 m². According to the real estate agencies Grossmann & Berger and Engel & Völkers, this result was around 26 to 32 % above the previous year's level. Nevertheless, according to Grossmann & Berger, the annual result remained well below the long-term average.
Prime and average rents remained largely stable at € 8.50 per m² and € 6.50 per m² respectively. According to Grossmann & Berger, only around 40,000 m² were transacted in the fourth quarter, meaning that around 70 % of total take-up was accounted for in the first half of the year. Owner-occupiers accounted for around one-third of space turnover. Engel & Völkers also reports a doubling of its market share in the owner-occupier new-build segment compared with the previous year.
Overall, the market remains stable. Both real estate agencies expect the market to develop slightly positively in 2026. Engel & Völkers anticipates space turnover of around 350,000 m² with unchanged prime and average rents. The stable rental prices underscore the continuing high level of interest in logistics and industrial space in the Hamburg metropolitan region.
