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Quarterly Report

Savills examines the investment market for industrial and logistics real estate in the first quarter of 2026: German investment market for industrial and logistics real estate: Moderate activity at the start of the year amid increasing uncertainty

Tabelle Industrieinvestmentmarkt Q1 2026 (Bildquelle: Savills)
Tabelle Industrieinvestmentmarkt Q1 2026 (Bildquelle: Savills)

According to Savills, in the 1st quarter of 2026, around 954 million euros were turned over on the market for industrial and logistics properties. Compared to the same period last year, this corresponds to a decrease of 2%. Compared to the 10-year average, sales were 47% lower. In Q1 2026, Savills registered about 40 transactions, down 19% year-on-year. The prime yield for industrial and logistics real estate stood at 4.5% at the end of March, an increase of 10 basis points compared to the previous quarter and the previous year’s figure.

Bertrand Ehm, Director Investment at Savills, comments: “Developments in the Middle East are currently putting pressure on logistics real estate from two sides: On the one hand, users are exposed to a cost shock due to an increased diesel price, which could slow down expansion decisions. On the other hand, long-term financing costs have risen slightly, so that purchase price negotiations could be prolonged. The extent to which these developments actually shape the investment market for logistics and industrial real estate depends largely on how long the geopolitical situation remains tense.”

With a transaction volume of EUR 3.9 billion, logistics real estate has contributed the most to investment turnover in the last twelve months, followed by industrial real estate (approx. EUR 1.0 billion) and business parks (approx. EUR 686 million).

Supplementary graphics and data for this press release: Online dashboard on the real estate investment market.

Tabelle Industrieinvestmentmarkt Q1 2026 (Bildquelle: Savills)
Tabelle Industrieinvestmentmarkt Q1 2026 (Bildquelle: Savills)
Nutzungen Transaktionsvolumen Q1 2026 (Quelle: Savills)
Nutzungen Transaktionsvolumen Q1 2026 (Quelle: Savills)

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