Owner-occupier construction starts feature heavily in 2020
Four agreements for large premises were signed in the 3rd quarter, followed by three more for over 10,000 m² of space in the 4th quarter. 2020 thus closed with a total of nine agreements in this segment of the market (2019: 3). Consequently, this size category dominated the market with 53 % of take-up for the year (2019: 15 %). Six of the nine agreements for space in excess of 10,000 m² were construction starts for owner-occupiers.
Omnitrade Handelsgesellschaft signed the largest new contract of the 4th quarter. This wholesaler launched its expansion project to add 30,550 m² to its premises in the Jacobsrade trading estate in Siek (North East Environs).
The biggest construction project started in the year 2020 is an 86,500-square-metre logistics and administrative centre for REWE in Henstedt-Ulzburg (North West Environs). In the 1st quarter Mickeleit, a forwarding company, signed the biggest lease of the year, taking 28,400 m² of space at Altenwerder Kirchtal 1-5 (Hamburg South).
Unlike the prior year logistics firms were not the main players on the market in 2020, and relinquished their former top slot (2019: 57 %; 2020: 29 %) to trading companies (34 %).
There was a pronounced shift from the city to the environs, where the proportion of total take-up rose from 38 % to 55 %. This was due to the fact that six of the nine high-volume agreements related to sites in the environs. The REWE construction start boosted the market share of North West Environs to a quarter; this sub-market was followed by Hamburg South, where the other three large agreements pushed its market share to one fifth.
|Industrial, logistics | Hamburg and environs | 2020||Q1-4|
|Space take-up [m²]||480,000|
|against prior yr [%]||+35|
|Ratio of owner-occupiers [%]||51|
|against prior yr [percentage points]||+36|
|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 [%]||+2.0|
|Most popular sub-market||North-West Environs|
|Most popular sub-market [%]||25|
|Industry with highest turnover||Trade/retail|
|Industry with highest turnover [%]||34|
|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|
|Siek||Jacobsrade 86||Production and warehouse facilities (building start)||
|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