Industrial Market Profile

Berlin | 4th quarter 2019 January 2020

Warehousing Take-up

Warehouse take-up reaches new record In 2019, around 493,000 sqm of warehousing and logistics space was taken up in the Berlin region*, which was a his- toric result and exceeded the previous record set in 2015 (456,000 sqm) by 8%. It was also 21% above both the pre- vious year’s result and the five-year average. The number of contracts concluded was also above-average at 160, compared to an average of just 116 contracts concluded over the last five years. The largest letting was concluded in the first quarter, in which Amazon signed a contract 15,700 sqm in Ludwigsfelde. A total of 29 contracts were for an around 31,000 sqm new sorting centre in a project concluded for units larger than 5,000 sqm. Although the in Schönefeld. The second-largest deal was concluded average deal size in this category was 9,700 sqm, most by SelfStorage-DeinLager LagervermietungsGmbH for deals (90 contracts and 59% of the total number) involved over 16,800 sqm in the Berlin South submarket, and the units of 1,000 sqm to 5,000 sqm. The strongest demand third-largest deal was the letting by Microvast GmbH for came from retailers and e-commerce companies which accounted for 35% of total take-up. Second placed in the industry statistics were companies from the distribution/ Prime Rent ≥ 5,000 sqm logistics segment with a 26% share of take-up, followed by manufacturers with 22%. The south of Berlin (Berlin South, Periphery South and the area surrounding Berlin- Airport) was particularly highly sought-after, accounting for 56% of take-up. Following a 10% rise in 2018, the prime rent for ware­ housing and logistics units larger than 5,000 sqm remai- ned stable in 2019 at €5.50/sqm/month. Conversely, rent rises were observed for space in the light industrial seg- ment, in which rents increased by 33% to €10.00/sqm/ month in the Berlin South submarket.

* The Berlin city area and surrounding communities are included in the study.

Industrial Market Profile | th4 quarter 2019 Berlin Berlin: Industrial Market Areas

Eberswalde Neuruppin

A 11

Oranienburg A 24 Periphery North € 2.50 - 3.80

A 111 Bernau Velten Hohen Neuendorf Zepernick Hennigsdorf

Berlin-North A 114 Nauen Periphery East € 4.00 - 6.00 Strausberg € 3.00 - 4.20 A 105 Berlin-East Fredersdorf-Vogelsdorf Falkensee € 4.20 - 5.90 Petershagen A 100 Neuenhagen Periphery Berlin-West € 3.20 - 4.20 Rüdersdorf € 4.00 - 7.10 Schöneiche A 104 A 102 A 115 Berlin-South A 113 Erkner € 5.00 - 10.00 A 10 / Airport Berlin Brandenburg € 4.40 - 6.50 A 2 A 12 Ludwigsfelde Königs Periphery South Wusterhausen € 3.70 - 4.70 A 9

A 13

Airport Switch Yard Harbour Industrial Market Areas

Main Station Freight Village Market Area Rental Band (Euro/sqm/month) € min - max for warehousing space of all unit sizes (incl. business parks)

Industrial Market Profile | th4 quarter 2019 Berlin Contacts

Frank Weber Helge Scheunemann Head of Industrial Agency Head of Research Germany [email protected] [email protected] +49 (0) 89 290088 110 +49 (0) 40 350011 225

Industrial Agency Berlin Industrial Agency Munich Industrial Agency Rahel-Hirsch-Straße 10 Ludwigstraße 8 Petersstraße 12-14 10557 Berlin 80539 Munich 04109 Leipzig [email protected] [email protected] [email protected] +49 (0) 30 203980 0 +49 (0) 89 290088 0 +49 (0) 341 22633 0

Industrial Agency Industrial Agency Düsseldorf Industrial Agency Stuttgart Bockenheimer Landstraße 55 Dreischeibenhaus 1 Kleiner Schloßplatz 13 60325 Frankfurt 40211 Düsseldorf 70173 Stuttgart [email protected] [email protected] [email protected] +49 (0) 69 2003 0 +49 (0) 211 13006 0 +49 (0) 711 900370 0

Industrial Agency Cologne Industrial Agency Hamburg Augustinerstraße 10 Alter Steinweg 1 50667 Cologne 20459 Hamburg [email protected] [email protected] +49 (0) 221 2775 0 +49 (0) 40 350011 0

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