Building starts for large developments boost quarterly result
Four agreements for premises offering more than 10,000 m² of space boosted the quarterly result to 195,000 m². This was higher than any other 3rd-quarter result apart from in 2011 and 2012. In contrast, not one single large-volume agreement was signed in the same quarter a year ago. Accordingly, the size sector of 10,000 m² or more accounted for the largest slice of the market, 54 %.
One single agreement for 86,500 m² dominated the quarterly result, comprising more than a quarter of total take-up of space. This transaction was the long-planned construction start of a logistics and administrative centre for REWE in Henstedt-Ulzburg, which will be the company’s base to supply food retailers in Hamburg and Schleswig-Holstein. Moreover, in terms of space, this development is the second-largest deal ever undertaken in Hamburg and its environs.
In contrast with the previous year, trade/retail was the predominant industry, accounting for 38 % of take-up and ousting logistics and forwarding companies from the top slot; their share fell to 30 % (2019: 51 %).
So far, as a result of the REWE project now under construction, North-West Environs was the strongest sub-mark
et with 30 % of the volume of take-up. For the same reason there was a marked shift in the focus of marketing activities in the 3rd quarter towards the environs, whose share of the market rose from 31 % to 56 % year on year.
|Industrial, warehouse, logistics | Hamburg and Environs | 2020||Q1-3|
|Space take-up [m²]||365,000|
|against prior yr [%]||+48|
|Ratio of owner-occupiers [%]||53|
|against prior yr [percentage points]||35|
|Premium rent [€/m²/month net of services]||6.30|
|against prior yr [%]||±0.0|
|Average rent [€/m²/month net of services]||5.20|
|against prior yr [%]||+4.0|
|Most popular sub-market||North-West Environs|
|Most popular sub-market [%]||30|
|Industry with highest turnover||Trade/retail|
|Industry with highest turnover [%]||38|
Selected top agreements | industrial, warehouse, logistics properties in Hamburg and Environs | 1st to 3rd quarters of 2020
|Henstedt-Ulzburg||Rudolf-Diesel-Strasse||Logistics and administrative centre (construction start)||REWE Region North (owner-occupier)||86,500|
|Hamburg||Am Genter Ufer||New build (construction start)||Airbus (owner-occupier)||30,600|
|Hamburg||Am Altenwerder Kirchtal 1-5||Existing building||Spedition Mickeleit||28,400|
|Neu Wulmstorf||Gottlieb-Daimler-Strasse||New build (construction start)||
Kroop & Co. Transport + Logistik
|Bad Oldesloe||Bergkoppel 4||Central warehouse (construction start)||Asklepios Kliniken (owner-occupier)||14,400|