Spotlight: European Office Development
Rising construction costs squeeze developer margins, but rental growth outlook remains positive
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Rising construction costs squeeze developer margins, but rental growth outlook remains positive
Read nowSavills presents the Portugal Real Estate Market Overview | Q1 2024, providing you a detailed analysis of the performance of the national real estate market during the first quarter of the year.
Read now"European Industrial Outdoor Storage investment expected to grow by 4.5%"
"With Europe’s economy continuing to struggle it’s increasingly clear that any sustained recovery in the occupier market is unlikely to begin until 2024. With that said, leasing activity is in line with its pre-pandemic levels, and we have seen a slight uptick in investment volumes this quarter. With interest rates expected to peak in late 2023, we may start to see further activity as prices stabilise"
"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"
"While the US$41.6 billion of investment in the global logistics sector was around 41% down on the year, it was nearly 10% above the equivalent Q2 level in 2019. Investors remain bullish on the long-term prospects for the sector, suggesting bust will not follow boom in the next 12 months"
"Investors are increasingly cautious when deploying capital into logistics, despite the fact that many institutions continue to openly back the sector"
"Mark Russo, Senior Director, Head of Industrial Research, North America, shares his views"
"The semiconductor shortage, aka 'chip shortage', experienced in 2021 and 2022 has been primarily attributed to a combination of factors that disrupted the global supply chain and increased demand for semiconductors"
"The pandemic put the importance of a stable supply of semiconductors to modern economies in stark relief. Additionally, as geo-political tensions have risen and threatened global supply chains, most developed economies have introduced policies aiming to bolster their domestic semiconductor production"
"The link between manufacturing activity and demand in the industrial and logistics market is well-explored and self-evident. As long-term demand for manufactured goods rises, manufacturing occupiers will expand their real estate footprints to increase capacity"
"It is challenging to give an accurate estimate of the occupational footprint of the industry in terms of logistics..."