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Article Quarterly Report

Savills examines German market for industrial and logistics real estate: Solid first half of the year despite geopolitical situation, portfolio deals remain rare

Tabellarischer Überblick zum Transaktionsvolumen und den Marktsegmenten im deutschen Industrieinvestmentmarkt für das erste Halbjahr 2026. Bildquelle: Savills

According to Savills, around 2.3 billion euros were traded on the market for industrial and logistics real estate in the 1st half of 2026. Compared to the same period last year, this corresponds to an increase of 9%. Compared to the 10-year average, sales were 34% lower. In the first half of 2026, Savills registered about 110 transactions, an increase of 22% compared to the previous year. The prime yield for industrial and logistics properties stood at 4.5% at the end of June, unchanged from the previous quarter and 10 basis points above the previous year’s figure.

Bertrand Ehm, Director Investment at Savills, comments: “Logistics and industrial properties are benefiting from the weakness of the other types of use and are the highest-volume commercial asset class in the first half of 2026. The volume is mainly driven by individual transactions, with the portfolio share of 24 percent still well below the ten-year average of 44 percent. As a structural peculiarity, major armaments-related transactions were added for the first time in the first half of the year. This segment could increasingly shape the market in the future.”

With a transaction volume of EUR 4.1 billion, logistics real estate has contributed the most to investment turnover in the last twelve months, followed by industrial real estate (approx. EUR 1.2 billion) and business parks (approx. EUR 600 million).

Tabular overview of the transaction volume and market segments in the German industrial investment market for the first half of 2026.

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