The market for logistics and industrial space in Bremen and its immediate surroundings, encompassing leasing, sales, and owner-occupier new builds, concluded the first half of 2026 with a take-up of approximately 113,000 sqm. This result is on par with the previous year and underscores the solid development of the location. This stability is confirmed in a longer-term comparison: the five-year average stands at around 272,000 sqm per year, or 136,000 sqm per half-year.
Björn Sundermann, Managing Director of Robert C. Spies Industrial Real Estate GmbH & Co. KG, noted that despite challenging economic and geopolitical conditions, the Bremen logistics property market exhibits remarkable resilience. Demand for space remains positive. However, the risk appetite of potential users continues to be limited due to the overall economic situation. Against this backdrop, additional space is primarily leased on a needs-oriented basis and less speculatively. Logistics companies are calculating their space requirements more precisely and reducing the use of reserve areas for potential additional business.
User Profiles and Rental Price Development
With a share of almost 40 per cent of the total take-up, companies from the production and light industrial sectors represented the largest user group in the first half of the year. This was largely due to the largest deal of the half-year: an aerospace company leased approximately 29,000 sqm in the Bremen Freight Village (GVZ). Retail logistics, particularly the e-commerce sector, followed with the second largest deal: an owner-occupier in Oyten occupied a logistics property of about 27,000 sqm. The automotive sector, however, remains affected by the ongoing industry crisis.
- —Prime rent for modern logistics space: constant at 6.75 EUR/sqm.
- —Average rent also stable: 5.65 EUR/sqm.
- —Trend towards shorter lease terms observable.
- —Users are increasingly aligning with the terms of their customer contracts.
Rental prices for logistics and industrial properties stabilised at a high level in the first half of the year. A significant development is the trend towards shorter lease terms. Companies are increasingly opting for more flexible contract models. Sundermann explained that users are increasingly aligning their property decisions with the terms of their customer contracts, which means that operationally motivated decisions are gaining importance over long-term strategic leases.
Yields and Market Outlook
Yields for modern logistics properties continue to be stable. Core products show a prime yield of approximately 5.1 per cent, which corresponds to the previous year's level. For warehouse space and light industrial, yields also remained largely constant; prime yields of about 9.5 per cent for classic warehouse space and approximately 6.8 per cent for light industrial properties. A continued solid market environment is forecast for the second half of the year. Ongoing contract negotiations are expected to lead to further deals, and demand for smaller, flexible units remains stable. Robert C. Spies anticipates a total take-up of approximately 240,000 sqm for the full year 2026. The market is characterised by a broad distribution of demand across various sectors, which underscores the economic relevance of the region as a logistics location. The vacancy rate is expected to continue to fall, driven by re-let spaces and a limited supply of speculative new builds and available existing properties.
