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.
With take-up of 266,000 m², the Hamburg logistics market missed the previous year's record by almost 20 %, but still achieved its second-best result since 2015. It is also pleasing to note that the letting momentum has not slowed in the past three months despite the economic and geopolitical uncertainties: the volume in the second quarter alone was even higher than at the start of the year at 141,000 m² (a good 53 %). Meanwhile, the upward trend in rents is continuing. Hamburg has now exceeded the € 8/m² mark at its peak (€ 8.50/m²), and the average has also risen slightly to € 6.25/m².
