Industrial and Logistics Real Estate Index IWIP
The leading market indicator for rental price development in warehouse, logistics, and production properties
Results 2025
Base year 2012 = 100, quality-adjusted rental development based on a hedonic regression model
Sources: Rental data from IndustrialPort and partner companies
- The Industrial and Logistics Real Estate Index IWIP indicates a nearly stagnant development in rental prices for warehouse, logistics, and production properties in Germany for 2025. Overall, there is a slight increase of +0.1%.
- In the warehouse segment, moderate rental increases of +0.7% are observed, while logistics properties show the strongest positive development with +1.9%. Production properties, however, lag behind, showing a decrease of −1.1%.
- This results in a heterogeneous market picture: while warehouse and logistics-related uses stabilize or increase, the production sector remains under pressure. There can be no talk of a widespread market recovery.
- The Consumer Price Index (CPI) rises by +2.2% year-on-year during the same period, significantly exceeding rental development in the industrial and logistics real estate market. In real terms, rents continue to lose purchasing power – the decoupling of inflation and rental growth persists.
Results 2024
Base year 2012 = 100, quality-adjusted rental development based on a hedonic regression model
Sources: Rental data from IndustrialPort and partner companies
to the IWIP report
- The Industrial and Logistics Real Estate Index IWIP shows a continued positive development in rental prices for warehouse, logistics, and production properties in Germany for 2024, with an increase of +3.5%.
- It is particularly noteworthy that the value development of all analyzed property categories – even if only barely in some cases – surpasses that of the Consumer Price Index (CPI).
- Warehouse and production properties each record an increase of +3.1%, while logistics properties lead with a gain of +4.5%.
- Overall, the value development of +3.5% is below the previous year’s value of +4.5%, with logistics development almost halving to +4.5%. The CPI also falls significantly behind the previous year’s increase of +5.9%, with a gain of +2.2%.
IWIP Index – supported by
THE Industrial Real Estate Index (IWIP) METHODOLOGY
In times of advancing globalization and increasing integration of financial markets, companies are increasingly active in multiple countries and real estate submarkets. Their results increasingly depend on knowledge of regional specifics in the individual submarkets where they invest. Furthermore, professional investors try to identify opportunities and risks prior to an investment. Such effects can best be identified by using an index. Such an index represents the entire breadth of the market, without gaps, without overlaps, and free from any subjective viewpoints.
Industrial Real Estate Index (IWIP)
The IWIP Index, created by IndustrialPort in cooperation with the German Economic Institute Cologne (IW), meets these requirements.
It is used by professional investors throughout Germany for analyzing investments, measuring rental value development, portfolio structuring, hedging, and creating real estate funds.
Through sub-indices for warehouse, logistics, and production properties, further subdividable into three equipment classes (basic, functional, and modern) and spatially by nine different location suitability classes, the IWIP Index strategy enables clients to monitor the creation of portfolios and individual assets in a coherent and consistent manner. This avoids benchmark mismatches and uncompensated risks.
COMPLETE COVERAGE OF RENTAL CONSIDERATION IN THE GERMAN INDUSTRIAL REAL ESTATE MARKET
The IWIP Index Series – Advantages of the IWIP Index:
- Germany-wide coverage: Based on all approximately 11,000 municipalities, the IWIP Index offers a comprehensive representation of rental price development across Germany.
- Measurement and attribution of value development: Industry-leading index for mandates in Germany with regional, usage-type, equipment-class-specific, and other subsets. These are available for targeted investment mandates.
- Research: IndustrialPort’s research-based indices and analyses help institutional investors build and manage higher-value portfolios.
- Product Development: IndustrialPort develops innovative indices used by the investment industry.
- Consistent Framework: All IWIP sub-indices offer a modular approach with a scientific methodology. This allows investors to identify hidden risks, gaps, or overlaps.
- Replicability: Minimum data requirements for individual sub-indices to reflect the size of individual investment opportunities and facilitate index replicability.
Our Modular Approach — Modern Index Strategy
IndustrialPort indexing offers a modern, seamless, and fully integrated approach to measuring overall rental development, without gaps or overlaps.
Modern
Designed to evaluate individual submarkets. The IWIP Index and its sub-indices are based on an innovative calculation method. It offers a balanced relationship between the need for a stable index and flexible, individual evaluability.
Seamless
The IWIP Index covers the entire federal territory and all industrial real estate classes. All IndustrialPort sub-indices are calculated using the same method. They cover all spatial and building-specific submarkets with non-overlapping size and age segmentation.
Integrated
Uniform methodology for each market segment. While other providers either present a survey-driven market sentiment or the complete rental price change, IndustrialPort mathematically determines the value-driving differences of individual equipment features. Additionally, equipment-driven effects on rental changes are considered separately from market-driven rental increases. IndustrialPort places great importance on the traceability of its index and publishes the results in expert reports for each index survey. For IndustrialPort, the investability and replicability of its index are of great relevance. Therefore, comparative tests with other real estate indices are carried out.
Discover IWIP Index
Professional Market Indicators for Industrial and Logistics Real Estate