REALOGIS Research: Rental prices for logistics space continued to rise in 2025, demand ensured stable markets

• Prime rents for new buildings rose to €7.59/m² (+2.0%) on average in the 33 stores.
• Top 8 markets with an average prime rent of €9.04/m² for new-build buildings (+2.4%).
• Minimum rents for new buildings rose to €6.44/m² (+2.2%).
• Existing prime rent increased to €6.58/m² (+1.7%).
• Munich remains the most expensive market at €13.50/m²

Munich, 5 February 2026 – The REALOGIS Group, Germany's leading consulting firm for industrial and logistics real estate as well as commercial properties, has analysed the rental price trend for new and existing space in 33 German industrial and logistics markets. The results show a moderate but broad-based rent increase for 2025. In the Top8 markets defined by REALOGIS in Berlin, Hamburg, Munich, Frankfurt am Main, Cologne, Düsseldorf, the Ruhr area and Stuttgart, both simple and high-quality space was in high demand. Accordingly, minimum and prime rents rose in parallel, without any significant change in the price gaps. The market structure of the leading locations thus remained stable.

Christian Beran, Managing Director of Realogis Immobilien Deutschland GmbH, puts it in perspective: "The rental price development in 2025 showed a robust and balanced logistics real estate market. In many regions, rents rose moderately, without the price gaps between simple and high-quality spaces widening significantly. The Top8 markets in particular benefited from broad-based demand, which stabilised the existing market structure."

New construction: Moderate rent growth with stable price structure

• On average for all markets considered, the prime rent for new-build space in 2025 was €7.59/m² (2024: €7.45/m²). The upward trend thus continued with an increase of 2.0%. In the Top8M, the increase was slightly stronger at 2.4%.
• Prime rents rose in 16 markets, remaining at the previous year's level in ten markets, while seven markets recorded declining values. The largest increase was recorded in Dresden (+25.0%) and the most significantdecrease in Leipzig ( ‑7.7%).
• The cheapest prime rents for new buildings were measured in Leipzig (€6.00/m²), Halle (€5.75/m²) and in Zwickau, Hof and Magdeburg (€5.50/m² each). At the upper end of the scale are Munich (€13.50/m²), Augsburg (€9.50/m²) and Stuttgart (€9.00/m²).

Minimum rents in new buildings

• The average minimum rent for new-build space rose to €6.44/m² (+2.2%) in 2025. In the Top8M, it was €7.36/m², which corresponds to a moderate increase of 1.4%.
• While 15 markets recorded gains and 13 markets remained at the previous year's level, five markets declined. Dresden recorded the largest increase (+16.7%), while Leipzig and Nuremberg recorded ‑the most significant decreases with 3.8% each.
• The largest price range in the new-build segment was again seen in Munich. The prime rent rose to €13.50/m² (+3.8%) and the minimum rent to €9.50/m² (+5.6%). At €4.00/m², the spread remained unchanged compared to the previous year. This underlines the consistently high demand for standard and high-quality new-build space.

Portfolio: Rising rents with a focus on attractively priced space

• Rents also continued to rise in the existing segment. The average prime rent was €6.58/m² (2024: €6.45/m²), an increase of 1.7%. In the Top8Mmarkets, it rose by 2.5% to €7.95/m².
• While only two markets declined, rents stagnated in 19 markets and rose in 12 markets. The increase was particularly marked in Dresden (+12.1%).
• Munich remains the most expensive market in the existing segment. The prime rent rose to €11.00/m² (+10.0%), the minimum rent to €8.00/m² (+14.3%). The price range of €3.00/m² remained unchanged.
• The average minimum rent in the portfolio rose by 2.6% to €5.28/m². In the Top8 markets, it was €6.39/m², also up 2.6%.

Further information can be found in the attached rental price card.

REALOGIS. The No. 1 in industrial and logistics real estate

The REALOGIS Group is Germany's leading address for advising and brokering industrial and logistics properties as well as commercial properties. As an owner-managed company with locations in Berlin, Düsseldorf, Germany South/North, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart, the company, founded in 2005, has in-depth market knowledge and more than twenty years of experience in the German real estate sector.

Around 70 employees support national and international companies from logistics, industry, trade and e-commerce as well as private and institutional investors. The range of services includes the mediation of tenants for existing and new properties, the support of investors in acquisitions and project developments, advice on the search for or sale of land as well as the development and implementation of holistic real estate strategies, from location analysis to the realisation of assets that are no longer necessary for operation.

Contact MediaTarga Communications
Arne DegenerT +49 151 196 933 90E ad@targacommunications.de