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Hamburg Logistics Market Q4 2024
Hamburg's industrial and logistics real estate market awaits economic recovery - developers are ready and waiting
February 3, 2025 5 Minute Read
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Hamburg's industrial and logistics real estate market achieved take-up of 228,000 sq m in 2024, which was 18% below the level of 2023. The turnover was evenly distributed between the city area and the surrounding area. The proportion of owner-occupiers was 11% – 16%-points less than in the previous year. At 69,000 sq m, the final quarter showed the largest take-up of space in the 4 quarters, driven by the largest deal of the year, a portfolio letting of 24,300 sq m in Norderstedt.