Hamburg is the second largest European seaport with more than 10,000 logistics companies and 330,000 employees in the logistics sector, as well as Europe's No. 1 for the rail transportation of containers. Hamburg Airport, which is close to the city center, is an important transshipment point for express freight for the maritime and aviation industries, among others.
The Hamburg logistics market in the Hanseatic city leads the ranking of top markets together with Leipzig (264,000 m²) and Frankfurt (245,000 m²). The largest contracts signed in the third quarter, each for around 15,000 m², were the transshipment hall under construction for the Nagel Group in Allermöhe and the letting to Pandora in Hamburg East.
Meanwhile, the upward trend in rents continues. Hamburg has now exceeded the € 8/m² mark at its peak (€ 8.10/m²), and the average has also risen slightly to € 6.25/m².