Germany’s logistics real estate market is showing first signs of recovery. For one thing, the transaction volume picked up some steam during the first half of 2024.
Nonetheless, prime net initial yields moved up by another ten to twenty basis points because the price correction had not fully run its course yet. Transactions focus predominantly on the value-add segment. Prime rents in Germany increased by an average of 1.8 percent during the first half of 2024 and thus slightly faster than the European average.
These are the findings that GARBE Research presented in its latest GARBE PYRAMID MAP, the 2024 mid-year update of the company’s overview of prime rents and prime net initial yields for the 116 most important logistics real estate submarkets in 24 European countries.
Author Tobias Kassner, Head of Research and a member of the Management Board of GARBE Industrial Real Estate, said: “The German logistics real estate market was mainly defined by stabilisation during the first half-year. But certain markets nonetheless registered a substantial growth of prime rents.”
You can now read the full press release at the link below
