Hannover has a diversified economy that is broadly representative of the German economy at large. It is home to operations for automakers and insurance companies. In recent years, the automotive industry—anchored by Volkswagen, which has 16,000 employees in the Hannover region—and e-commerce have driven demand for industrial properties and warehouses.
Hannover is a center for trade fairs. The Hannover Messe has evolved into the largest exhibition of capital goods in the world, and five of the world’s biggest industrial trade exhibitions take place in Hannover, including CeBIT, the world’s biggest fair for the fields of communication, information and telecommunications.
Prologis operates industrial properties and warehouses in the Hannover region.