Logistics rents almost constant despite numerous challenges

Only the Dresden region recorded a quarter-on-quarter change with an increase

FRANKFURT, 15 October 2025 – The German market for warehouse and logistics space continued to show almost nationwide stability in the third quarter of 2025. Only one of the 20 markets examined recorded rising prime rents for space of more than 5,000 m² – the Dresden region with an increase of three percent compared to the previous quarter to 6.50 euros. All other 19 markets monitored remained constant.

Sebastian Bögel, Head of Industrial & Logistics Agency JLL Germany: "The logistics market in the Dresden region is currently characterized by a combination of a shortage of space and demand pressure due to the boom in the chip industry. This ensures further momentum in prime rents. In some cases, there are already agreements with a rent of seven euros, but these values have not yet been reached across the board."

Compared to the third quarter of the previous year, increases were recorded in four markets, with the highest growth of around nine percent in the Rhine-Neckar market. The regions of Dresden and Frankfurt follow with a good three percent each and the Kassel/Bad Hersfeld region with 2.5 percent. Fifteen stores showed no change year-on-year and only the Leipzig/Halle region recorded a decline of around three percent (to 6.00 euros/m²/month).

"In the last phase of the year, the market for industrial and logistics real estate is driven by optimistic realism. As in the second quarter, inquiries are increasing again, but the players are still cautious in view of the difficult economic situation and international geopolitical challenges," says Bögel. "It remains to be seen how strong the growth impulses from the defense sector will be."

The highest rents are still achieved in Munich at 10.70 euros/m²/month, followed by Berlin at 10.50 euros/m²/month and Düsseldorf at 9.00 euros/m²/month. The fourth most expensive market is currently the Baden-Württemberg state capital Stuttgart with 8.75 euros/m²/month. The cheapest space is currently available in Magdeburg, where the rent is constantly at 5.30 euros/m²/month.

Overall, prime rents have risen in all markets over the past five years: by at least 16 percent in the Hanover/Braunschweig region and up to a maximum of 91 percent in the capital Berlin. In half of the markets analyzed, the increase was at least 50 percent.

Contact: Sebastian Bögel, Head of Industrial & Logistics Agency JLL Germany

Phone: +49 (0) 89 290 088 327

E-Mail: sebastian.boegel@jll.com Press Release

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