The Hamburg warehouse and logistics market achieved take-up of 126,000 m² in the 1st quarter. It is thus at the same level as in the previous year (+1%) and exceeds the ten-year average by 16%. This is the result of the analysis by BNP Paribas Real Estate.
"This positive result is particularly pleasing after the rather weaker quarterly results from the second half of 2025 of a total of only 90,000 m². Overall, there has been a significant upturn in the market," says Christopher Raabe, Managing Director and Head of Logistics & Industrial at BNP Paribas Real Estate GmbH.
A major deal from the e-commerce segment in Hamburg-Allermöhe for around 50,000 m² made a significant contribution to this good turnover. In addition, a company from the aviation industry has leased 17,300 m² and the logistics service provider Blitz Distribution for 16,900 m² in the port area. These three contracts alone account for around 67% of take-up and underline the great importance of the Billbrook/Allermöhe sub-markets and the port for Hamburg's logistics market.
The rent level has risen due to the increasingly scarce supply of space in good locations. After the prime rent had been constant at €8.50/m² for a long time, it has now risen by 3.5% to €8.80/m². The average rent has risen by a good 5% to €6.85/m².
Trading companies clearly ahead through major deals, large-scale contracts determine the result
Above all, the large-scale lease agreement of an e-commerce company puts retail companies in first place in the distribution of industries. With a share of just under 44%, they relegate the logistics service providers usually leading on the Hamburg market to second place. At a good 31%, they demand slightly less space than the average for a first quarter. Manufacturing companies complete the main demand sectors with a share of 17%.
