German logistics rents continue upward trend in 2025

According to Realogis Research, Germany's logistics real estate market saw a moderate but widespread increase in rents throughout 2025. 

Logistics

This growth was consistent across both new-build and existing logistics spaces in 33 German industrial and logistics markets, indicating strong demand and stable market conditions, particularly in the Top 8 markets (Berlin, Hamburg, Munich, Frankfurt am Main, Cologne, Düsseldorf, the Ruhr region, and Stuttgart). Both minimum and prime rents climbed without significant changes in price differentials.
The average prime rent for new-build logistics facilities rose to €7.59/m² in 2025, a 2.0% increase from 2024. In the Top 8 markets, this increase was slightly higher at 2.4%. Rents increased in 16 markets, remained stable in ten, and declined in seven, with Dresden experiencing the strongest growth (+25.0%) and Leipzig the sharpest drop (-7.7%). Munich recorded the highest prime rents (€13.50/m²), while Leipzig, Halle, Zwickau, Hof, and Magdeburg had the lowest.
Minimum rents for new-build space also increased by 2.2% to an average of €6.44/m² across all markets. The Top 8 markets saw a more modest 1.4% increase, reaching €7.36/m². Dresden again led in growth (+16.7%), while Leipzig and Nuremberg saw the largest declines (-3.8% each). Munich maintained the widest price range for new builds, with both prime and minimum rents increasing, keeping the price spread consistent at €4.00/m², reflecting robust demand across all quality levels.
Rents for existing logistics properties continued to rise, with the average prime rent reaching €6.58/m² in 2025, a 1.7% year-on-year increase. In the Top 8 markets, prime rents grew by 2.5% to €7.95/m². Rents increased in 12 markets, remained stable in 19, and declined in only two. Dresden once more showed the most significant increase (+12.1%). Munich remained the most expensive market for existing stock, with prime rents increasing to €11.00/m² (+10.0%) and minimum rents to €8.00/m² (+14.3%), maintaining a stable price differential. The average minimum rent for existing properties increased by 2.6% to €5.28/m² (and €6.39/m² in the Top 8 markets), indicating ongoing demand for cost-efficient spaces.
Christian Beran, managing director of Realogis Immobilien Deutschland, commented: “Rental developments point to a resilient and well-balanced logistics property market in 2025. In many regions, rents increased at a moderate pace without a noticeable widening of the gap between standard and high-quality space. Widespread demand, particularly in the Top 8 markets, continued to underpin market stability.”