Real Estate

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

Real Estate analysiss

Balkendiagramm zum Transaktionsvolumen von Einzelhandelsimmobilien in Deutschland 2021 bis H1 2026 mit durchschnittlichen Werten.
Analysis

JLL: Investors focus on food retail and retail parks

JLL reports a retail investment volume of EUR 2.29 billion in H1 2026; Q2 was significantly weaker at EUR 850 million (−40% compared to Q1). Investors focus on food retail and retail parks, top yields stable. A revival is expected for H2.

Balkendiagramm zum Vermietungsumsatz in deutschen Innenstadtlagen von Q1 2021 bis Q2 2026 auf Basis von JLL Research.
Analysis

JLL: Rental market in the retail sector shows continued restraint

The retail letting market remains subdued: 94,400 m² were let in Q2/2026 (-13% compared to Q1), H1 totalled 203,300 m². Berlin leads with 31,200 m² and 51 deals; international concepts account for 61% of the volume. Prime rents largely stable, Nuremberg -15.4%.

Quelle: Gutachterausschuss Berlin, MSI Research 2026
Analysis

Apartment building market report by SCHICK IMMOBILIEN: Berlin rental house prices stabilize – Significant recovery in purchase cases and transaction volume

In the Berlin QII 2026 apartment building market report, SCHICK IMMOBILIEN reports a stabilization of rental house prices. The transaction volume rose to €901.6 million (+47%), while the number of purchases rose to 179 (+8%). Pankow leads in terms of deals and volume; WGH prices +11%.

Analysis Quarterly Report

Logistics market in the Ruhr region: with top balance sheet for clear leadership in location ranking

By mid-2026, the Ruhr logistics market reported 280,000 m² of take-up, exceeding the previous year (+39%) and the 10-year average (+23%). With around 183,000 m², logistics companies account for a good 65%. Prime rents stable up to €8.00/m²; Demand from e-commerce remains high.

Analysis Quarterly Report

Düsseldorf logistics market: more than a third above the long-term average

The Düsseldorf logistics market recorded around 161,000 m² of take-up in the 1st half of 2026 – around 34% above the long-term average. Q2 is delivering approximately 95,000 m², driven by four deals >10,000 m². Prime rents stable up to €8.70/m², Ø €7.00/m²; Outlook positive.

Christian Kah Quelle: Colliers
Analysis Quarterly Report

Asian users shape core markets in the German industrial and logistics leasing market

The German industrial and logistics leasing market grew to 3.8 million m² (+28% year-on-year) in H1 2026; Large deals returned. Asian occupiers accounted for 11% of take-up. In the top 8, demand and rents remained stable or rising, especially in Frankfurt.

Stefan Imken, Geschäftsführer der REALOGIS Immobilien Hamburg GmbH. Bildquelle: REALOGIS
Analysis Quarterly Report

REALOGIS: Hamburg’s market for logistics and industrial properties is slowing down, rents continue to rise

REALOGIS reports 193,900 m² of take-up in Hamburg for H1 2026, 85% of which is halls – a decrease of 20% compared to the previous year. The average rent rose to €7.30/m², the prime rent to €8.50/m². E-commerce drove trade, owner-occupiers stayed away.

Analysis

Munich logistics market: take-up increases year-on-year, shortage of supply remains visible

The Munich logistics market achieved 85,000 m² of take-up in H1 2026, +42% compared to the previous year; Q2 was more moderate at 28,000 m². High demand meets persistent supply shortage; Prime rent €11.25/m² (+7%), average €9.90/m² (+10%). Prospects positive, despite uncertainties.

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