Logistics market offered great predictability for prime rents in 2025

Despite the difficult economic situation, only one region recorded a slight decline

FRANKFURT, January 9, 2026 – The great constancy in prime rents for warehouse and logistics space in Germany continued at the turn of the year. At 18, almost all of the 20 markets examined registered unchanged values for areas of more than 5,000 m². Rents also rose only marginally in Dresden and Dortmund, with an increase of three percent compared to the previous quarter.

The year-on-year comparison also proves the stability of the market despite the challenging economic situation and drastic job cuts in German industry. Only the Leipzig/Halle region recorded a decline of around three percent (to 6.00 euros/m²/month) over the past twelve months. In contrast, increases were recorded in four markets, with the highest growth of around six percent in the Dresden region. Dortmund and Frankfurt follow with a good three percent each, as well as Kassel/Bad Hersfeld with 2.5 percent. In 15 markets, prime rents remained unchanged year-on-year.

Sebastian Bögel, Head of Industrial & Logistics Agency JLL Germany: "The German logistics market will be fundamentally realigned in 2026. While the consolidation of the automotive industry is freeing up space, the expansion of Asian online retailers and new requirements from the defense sector are creating a completely new demand dynamic. For modern and well-located logistics properties, this means inevitable upward pressure on rents."

Accordingly, the highest rents are still achieved in Munich at 10.70 euros/m²/month, followed by Berlin with 10.50 euros/m²/month and Düsseldorf with 9.00 euros/m²/month and Stuttgart with 8.75 euros/m²/month in fourth place.

Overall, prime rents have increased in all markets over the past five years, with the increase varying greatly. The Hanover/Braunschweig region is at the lower end of the scale with an increase of 16 percent, while Berlin comes in at 91 percent. In nine markets, the increase was at least 50 percent. In absolute figures, this means that rents in Berlin rose by a total of five euros/m²/month over the five-year period, by 3.60 euros/m²/month in Munich and by 3.50 euros/m²/month in Düsseldorf. The smallest increases were observed in Bremen with 0.85 euros/m²/month and in Hanover/Braunschweig with 0.90 euros/m²/month.

About JLL

For more than 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management firm, has helped clients buy, build, use, manage and invest in a wide variety of commercial, industrial, hotel, residential and retail properties. As a Fortune 500® company with annual revenues of $23.4 billion and operations in more than 80 countries worldwide, our approximately 113,000 employees offer the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, employees and society – true to our motto "SEE A BRIGHTER WAY". JLL is the brand name and a registered trademark of Jones Lang LaSalle Incorporated. All contact details and press releases of JLL Germany can be found at: http://jll.de/Presse

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

Phone: +49 (0) 89 290 088 327

E-mail: sebastian.boegel@jll.com