H1 | August 2021

Research Industrial Market Profile Hamburg

High take-up result in the second quarter Warehousing Take-up Around 360,000 sqm of warehousing and logistics space was taken up in the Hamburg region* (lettings and ow­ ner-occupiers) in the first six months of 2021. It was more than double the result for the corresponding period in 2020 and significantly above the 5-year average (68%). This is a clear sign that the economic uncertainties being felt by many companies during the crisis, which was still evident a year ago, has subsided. The second quarter (219,000 sqm) made a significantly stronger contribution to the result than the first and benefited from several deals of over 20,000 sqm. At around 38,000 sqm, the lar­ gest letting was concluded by an online furniture retailer in Nützen, on the northern outskirts of Hamburg. The strongest demand came from companies from the dis­

Prime Rent ≥ 5,000 sqm tribution/logistics sector which accounted for 53% of total take-up, followed by retailers and manufacturers with shares of 30% and 8%, respectively.

64,000 sqm of logistics space was completed in the first six months, with all but 5,000 sqm of this space already let. There is currently around 500,000 sqm of space un­ der construction, 36% of which is still available to the market and could help improve the supply situation. The largest single project will be realised in Hamburg’s Wilhelmsburg district with around 114,000 sqm. The prime rent for warehousing space larger than 5,000 sqm remained stable year-on-year at €6.40/sqm/month.

* Coverage includes Hamburg and four surrounding submarkets: North limited by Norderstedt, , Kaltenkirchen, Henstedt-Ulzburg; East limited by , Ahrensburg, , Schwarzenbek, Geesthacht; South limited by Lüneburg, Winsen (Luhe), Buchholz, Buxtehude; West limited by Wedel, Ueter­ sen-.

Cover page 2 Contacts Hamburg: Industrial Market Areas with Rental Bands JLL Research 2021 Q2 Hamburg: Industrial Market Areas

Bad Oldesloe Henstedt-Ulzburg

A 21 Periphery North € 4.50 - 5.30 Quickborn Norderstedt € 4.30 - 5.80 Periphery West Ahrensburg € 4.00 - 4.80 A 23 Norderstedt Hamburg-North-East € 4.20 - 5.30 Airport / Groß Borstel € 4.10 - 5.80 Wedel Hamburg-West Hamburg (Holstein) Periphery East € 4.20 - 5.20 € 4.30 - 5.10 Elbe A 24 Elbe -- Industrial Port € 4.20 - 6.40 € 4.60 - 6.40 A 255 A 26 Peute-Obergeorgswerder Allermöhe - € 4.10 - 5.60 € 4.20 - 5.90 S N üd € 4.00 - 5.60 er o A 253 E E r A 25 lb l d Buxtehude e b e Neu Wulmstorf e r

Wilhelmsburg Geesthacht € 4.10 - 5.30 e Elb

e lb E A 261 Hittfeld

Periphery South Winsen A 1 € 4.20 - 5.20 (Luhe) Buchholz in A 7 der Nordheide A 250

0 5 10 km

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)

Cover page 3 Contacts Dr. Konstantin Kortmann Sven Schürer Helge Scheunemann Head of Leasing & Agency Germany EMEA Logistics Business Development Head of Research Germany [email protected] Director [email protected] +49 (0) 69 2003 1390 [email protected] +49 (0) 40 350011 225 +49 (0) 171 4176325

Industrial Leasing Berlin Industrial Leasing Munich Industrial Leasing Leipzig 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 Leasing Frankfurt Industrial Leasing Düsseldorf Industrial Leasing 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 Leasing Cologne Industrial Leasing 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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