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.
The Hamburg market for industrial and logistics space recovered significantly in the first half of 2025 and is showing positive developments. According to the latest half-year report from Engel & Völkers Commercial (E&V), a total of around 218,000 m² of space was taken up during this period. This means that by the middle of the year, the market had already achieved almost the entire result of the previous year, which was 235,000 m². The real estate experts at Grossmann & Berger (G&B) even estimate take-up at around 223,000 m², which corresponds to an impressive increase of 65 % compared to the previous year.
Asian trading companies, companies from the construction industry and companies from the research and development sector are currently particularly active. The most significant deal in the first half of the year was the Körber Campus in the Bergedorf Innovation Park, which covers an area of 34,300 m². There is also a clear trend towards the acquisition of space: The proportion of transfers of ownership increased significantly compared to the previous year, from just 1 % to 13 %. The high proportion of owner-occupiers among buyers also underlines this trend. While G&B cites a 45.6 % share of owner-occupiers, E&V is at around 38 %.
As far as rents are concerned, they remain at a stable level. The prime rent is constant at EUR 8.50 per sqm, while the average rent remains at EUR 7.30 per sqm. E&V is forecasting a transaction volume of around 380,000 m² for 2025 as a whole, which is significantly higher than in previous years and indicates continued positive market development in Hamburg's industrial and logistics market.
