Transaction volume in 2019 is expected to come in above the long-term average. Portfolio deals will continue to be a popular option for market players looking to invest in German industrial and logistics properties, although the shortage of suitable products will put a damper on investment activity. Speculative investments, however, could boost the market as a number of potential large-scale tenants are currently on the lookout for space. Sharply rising construction costs combined with the fact that many contractor calendars are already full could lead to increases in rental prices for industrial and logistics assets, also outside of prime locations. Even though no major takeovers or mega deals on the industrial and logistics investment market similar to those seen in record year 2017 are anticipated, total results in 2019 will be above average and industrial and logistics assets will again place among the top 3 asset classes on Germany's overall commercial market.