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AnalysisQuarterlyReport

REALOGIS: Large-scale properties dominate the Berlin logistics property market

REALOGIS: Large-scale properties dominate the Berlin logistics property market
Alexander Ego, Geschäftsführer der REALOGIS Immobilien Berlin GmbH. Bildquelle: REALOGIS

The REALOGIS Group, Germany’s leading consultancy for industrial and logistics property as well as commercial land, recorded a total take-up of 332,000 m² in the Berlin logistics and industrial property market during the first three quarters of 2026. Of this, 300,500 m² (91 per cent) was warehouse space, representing a 9 per cent decrease compared with the strong performance of the same period last year (329,000 m²). In addition, 21,400 m² (6 per cent) was office space and 10,100 m² (3 per cent) was mezzanine space.

The five largest deals – JD Logistics (41,430 m² and 28,070 m²), ASML (27,000 m²), TACWRK (14,000 m²) and acut fulfilment (11,520 m²) – accounted for 37 per cent of total space take-up.

Alexander Ego, Managing Director of REALOGIS Immobilien Berlin GmbH, comments: “What is striking is the high concentration of market activity on a small number of large-scale transactions. At the same time, it is evident that companies in the logistics and retail sectors, in particular, are continuing to meet their space requirements consistently, despite the high rent levels. The broad distribution of the remaining transactions across different size categories also points to an overall sustainable demand base.”

Rents: Stability at a high level

At the end of the third quarter, the prime rent stood at €10.50/m², remaining at the same level as the same period last year. This was 6 per cent above the current five-year average of €9.94 per square metre. The average rent also remained steady at €8.10 per square metre, exceeding the five-year average of €7.80 per square metre by 4 per cent. Both rent figures have recently shown a stable trend at a consistently high level.

Property types: Existing properties were clearly in the lead

Existing properties accounted for the largest share, at 190,200 m² or 57 per cent of total space let. The three deals involving JD Logistics, TACWRK and acut fulfillment together contributed 53,590 m² and thus accounted for 28 per cent of the space let in existing properties.

Leases in new-build properties on former brownfield sites totalled 103,900 m², or 31 per cent. Just under two-thirds of this volume was accounted for by deals secured by JD Logistics (41,430 m²) and ASML (27,000 m²). New-build properties on greenfield sites accounted for 37,900 m², or 12 per cent, of total space let.

By building type, big-box spaces dominated with 243,100 m², or 73 per cent. Business parks accounted for 48,600 m², or 15 per cent, whilst other properties totalled 40,300 m², or 12 per cent. Lease agreements accounted for 283,700 m², or 85 per cent, of the take-up. Owner-occupiers accounted for 48,300 m² or 15 per cent.

Regions: The Berlin metropolitan area retained its top position

The Berlin city centre was the region with the highest take-up, at 153,600 m² or 46 per cent. Within the city centre, Berlin South led the way with 80,900 m² (53 per cent). The deals secured by JD Logistics and ASML there totalled 55,070 m² and accounted for 68 per cent of the total take-up. Berlin North followed with 25,700 m² (17 per cent), just ahead of Berlin West with 25,300 m² (16 per cent) and Berlin East with 21,700 m² (14 per cent).

In second place was the southern Berlin catchment area with 134,300 m² or 41 per cent. Transactions involving JD Logistics, TACWRK and acut fulfillment accounted for a combined total of 66,950 m² there. The western Berlin catchment area totalled 24,100 m² (7 per cent), whilst the northern Berlin catchment area totalled 20,000 m² (6 per cent). No lettings were recorded in the eastern suburbs of Berlin.

Sectors: Logistics and freight forwarding ahead of retail

Logistics and freight forwarding companies recorded the highest take-up, at 119,400 m² or 36 per cent. The two deals involving JD Logistics and the deal involving acut fulfillment accounted for 81,020 m² or 68 per cent of the sector’s take-up.

The retail sector followed with 90,500 m², or 27 per cent. Of this, 59,200 m² (65 per cent) was accounted for by traditional retail and 31,300 m² (35 per cent) by e-commerce. TACWRK contributed 14,000 m², accounting for just under a quarter of the space taken up in traditional retail.

Industry and manufacturing ranked third, accounting for 69,600 m² or 21 per cent. ASML’s deal, covering 27,000 m², accounted for 39 per cent of the sector’s turnover. The ‘Other’ category totalled 52,500 m² or 16 per cent.

Size categories: Almost one in every two square metres was accounted for by large-scale properties

Large-scale properties of 10,001 m² or more dominated the market, accounting for 163,100 m² – or 49 per cent – of total space taken up. The five largest transactions accounted for 75 per cent of the volume in this size category.

Spaces between 5,001 and 10,000 m² followed, totalling 68,900 m² or 21 per cent. This meant that 70 per cent of the total space let comprised deals of 5,001 m² or more. The segment between 3,001 and 5,000 m² totalled 50,600 m² (15 per cent). Spaces between 1,000 and 3,000 m² accounted for 37,600 m² (11 per cent). Very small spaces under 1,000 m² totalled 11,800 m² (4 per cent).

Key figures at a glance

Total take-up 332,000 m² Prime rent 10.50 €/m² Average rent 8.10 €/m² Existing properties 190,200 m² | New-build on brownfield sites 103,900 m² |
New-build on greenfield sites 37,900 m² Tenants 283.700 m² | Owner-occupiers: 48,300 m²

Balkendiagramm Flächenumsatz Industrie- und Logistikimmobilien in Berlin Q1-Q3 2026
Flächenumsatz von Industrie- und Logistikimmobilien im Großraum Berlin für die Jahre 2022 bis 2026. Bildquelle: REALOGIS
Liniendiagramm Spitzenmieten und Durchschnittsmieten für Industrie- und Logistikimmobilien in Berlin von Q3/2022 bis Q3/2026
Entwicklung der Spitzen- und Durchschnittsmieten für Industrie- und Logistikimmobilien in Berlin von Q3/2022 bis Q3/2026. Bildquelle: Realogis

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