Real Estate

Real estate is the dominant asset class in the real assets sector, but also the most versatile.

Real Estate analysiss

Analysis Quarterly Report

Projektentwicklungsmarkt zwischen Aufhellung und Realisierungsstau: Baustarts bleiben auf niedrigem Niveau

Der Development Monitor zeigt eine wachsende Lücke zwischen Planung und Realisierung: Rund 31% des Ende 2023 erwarteten Wohnvolumens werden aktuell nicht wie geplant umgesetzt. Baustarts liegen 67% unter dem Peak. Verzögerungen nehmen zu, die Pipeline bleibt vor allem in der Planung stecken.

Analysis Quarterly Report

JLL: Rental growth weakens significantly in the metropolises

JLL reports a significant slowdown in rental momentum in the eight largest cities for the 1st half of 2026: asking rents +3.0% (previous year: +6.8%), new construction almost stagnating (+0.5%). At the same time, condominium prices continue to recover at +2.9%.

Analysis

REALOGIS: Logistics rents in Germany largely stable in the 1st half of 2026

REALOGIS reports largely stable logistics rents in 33 markets for the 1st half of 2026. In the top 8, the prime rent for new buildings rose to an average of €9.19/m² (+2.1%), with Munich and Hamburg in particular rising. Rents also rose moderately in the portfolio.

Analysis News Quarterly Report

Hamburg: Flächenmangel begrenzt Marktdynamik

In H1 2026, Hamburg's logistics real estate market will continue to be characterised by a shortage of space; despite several applications, take-up of more than 20,000 m² is below the previous year's level. contract extensions are increasing, Asian demand is growing, production is slowing down; Investors focus on single assets

Analysis News Quarterly Report

Leipzig: Delayed decisions slow down the logistics market

Leipzig's logistics real estate market remained below average in the first half of 2026. Uncertainties delayed rentals; demand is shifting to production, aviation and logistics. A revival is expected in the second half of the year; in some cases, top rents are exceeded.

Analysis

According to GARBE Industrial, Benelux and northwestern Germany are benefiting in particular from the military logistics boom in Europe

A white paper by GARBE Industrial shows that Benelux and northwestern Germany are particularly benefiting from the increasing demand for military logistics in Europe. Rotterdam, Antwerp and Amsterdam; in Germany: Karlsruhe/Mannheim, Duisburg, Hamburg and Hanover. The basis is the Defence LOFIN Score.

Analysis

NAI apollo: Logistics space market in the Rhine-Main region with increase in take-up in mid-2026

NAI apollo reports take-up of 132,800 sqm for the Rhine-Main logistics space market in Q2 2026; 226,100 sqm in the first half of the year (+7% compared to the previous year). Large areas >10,000 sqm make up around 53%, the share of new construction is 11%. Demand high, outlook restrained due to the economy and risks.

Analysis Quarterly Report

German industrial and logistics real estate market proves robust in the first half of 2026

CBRE reports take-up of around 3 million m² in the German industrial and logistics market for H1 2026 (+11% yoy). Big box vacancy fell to 4.6%, prime rents rose. E-commerce demand is increasing; stable demand and further rent pressure are expected for H2.

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