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Berlin Logistics Market Q4 2024

Berlin's industrial and logistics real estate market remained subdued in 2024 - but vacancy rates recently fell again

February 3, 2025 5 Minute Read

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Berlin's industrial and logistics real estate market recorded take-up of 292,000 sq m in 2024, with this evenly distributed across the city and the surrounding area. Compared to 2023, this represents a decrease of 14%. Despite a slight increase to a share of 5%, owner-occupiers still did not play a significant role. At the same time, the share of new construction in take-up fell by 8%-points to 21%, which means that 62,000 sq m were taken up in new buildings. It is noteworthy that four of the five largest deals of the year – all lettings – were for new buildings.