Thursday, 5 February 2026
REALOGIS Unternehmensgruppe, an advisory firm specialising in industrial and logistics real estate and commercial land, has analysed rental developments for new and existing logistics space across 33 German markets. The study indicates moderate but broadly distributed rental growth in 2025, with demand remaining solid in both standard and higher-quality segments. In the eight core markets identified by REALOGIS — Berlin, Hamburg, Munich, Frankfurt am Main, Cologne, Düsseldorf, the Ruhr region and Stuttgart — minimum and prime rents increased in parallel, while the overall price structure remained largely unchanged.
Christian Beran, Managing Director Germany at REALOGIS, said that rental trends in 2025 reflected a resilient logistics property market, with rents in many regions rising at a measured pace and without a significant widening of the gap between standard and premium space. According to Beran, sustained demand in the largest markets continued to underpin stability.
Across all markets analysed, the average prime rent for new logistics space increased to €7.59 per m² in 2025 from €7.45 per m² a year earlier, representing annual growth of 2.0%. In the eight largest markets, prime rents averaged €9.04 per m², up 2.4% year-on-year. Minimum rents for new-build space reached €6.44 per m², an increase of 2.2%, while in the Top 8 markets minimum rents averaged €7.36 per m², reflecting a more moderate rise of 1.4%. Prime rents increased in 16 markets, remained unchanged in ten and declined in seven, with Dresden recording the strongest annual rise and Leipzig the steepest decline. Munich continued to show the widest price range in the new-build segment, where prime rents reached €13.50 per m² and minimum rents €9.50 per m², leaving the spread unchanged.
Rental growth also continued in the existing stock segment. Average prime rent increased to €6.58 per m² in 2025 from €6.45 per m² in 2024, corresponding to annual growth of 1.7%. In the eight largest markets, prime rents rose by 2.5% to €7.95 per m². Only two markets recorded declines, while rents were stable in 19 and increased in 12, with Dresden again registering one of the strongest gains. Munich remained the most expensive market for existing logistics space, where prime rents increased to €11.00 per m² and minimum rents to €8.00 per m², leaving the price differential unchanged. Across all analysed markets, the average minimum rent for existing logistics properties increased by 2.6% to €5.28 per m², while in the Top 8 markets minimum rents reached €6.39 per m², also up 2.6% year-on-year.
