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The REALOGIS Group, Germany's leading consulting firm for industrial and logistics real estate as well as commercial properties, has analysed the development of rents for new and existing space in 33 German logistics markets in the 1st half of 2026. The results show a largely stable market with predominantly stagnating or moderately rising rents. Above-average increases in the minimum rent were recorded in seven of the sub-markets examined and in five in the prime rent.
The average values in the top 8 markets defined by REALOGIS – Berlin, Hamburg, Munich, Frankfurt am Main, Cologne, Düsseldorf, the Ruhr region and Stuttgart – developed heterogeneously in the 1st half of the year. While prices remained stable in six top markets, there were significant increases in Hamburg and Munich. For example, the minimum rent in Hamburg for new buildings and existing buildings rose by around 13.5% each, while the prime rent rose by more than 5% each. In Munich, there was an increase in the price of existing rents, with the minimum rent rising by 6.7%, and the prime rent rising by 14.3% even more markedly
The analysis is based on big-box areas of 10,000 m² or more. Both lease agreements concluded and owner-sponsored bid prices were taken into account. All rents are net rents without operating and ancillary costs.
Christian Beran, Managing Director of Region Germany, puts it in perspective: "The figures confirm a stable basic condition of the market, but also an increasing spread between high-quality space in established locations and average offers. Rental growth is currently occurring primarily where quality, location and space availability come closely together."
