Spotlight: European Logistics Outlook – Q3 2024
Contains 3 articles"Falling vacancy rates and rising investment volumes are bright spots in Europe’s Logistics market, even as leasing activity remains in the doldrums."
Tagged Articles
"Falling vacancy rates and rising investment volumes are bright spots in Europe’s Logistics market, even as leasing activity remains in the doldrums."
"Savills European Real Estate Logistics Census outlines the challenges and opportunities facing Europe’s logistics occupiers, developers and investors"
"Overall demand in the logistics sector remains sound, but high levels of new supply in recent years have kept vacancies on a rising trend. In addition, many challenges, including global uncertainties, labour shortages, interest rates, and construction costs, have kept many players on their toes. That said, the logistics market is evolving, with strong fundamentals in a longer-term timeframe. In the interim, prime logistics facilities with modern amenities in accessible areas should continue to perform well, although older facilities in less convenient areas are likely to face challenges."
"Economic conditions continued to improve in Q2 2024, with both the occupier and investment markets seeing quarterly growth, likely as a result of brighter outlooks"
"Leasing activity recovered in the second quarter of the year, but weakness in Q1 led to a lacklustre first half of the year"
"According to Savills Industrial & Logistics Requirements Index, the industrial & logistics market has seen a marked improvement in occupier demand in Q2 2024."
"Demand rises in first half of the year as take-up of existing units set to drive a fall in vacancy into 2025"
"93% of space transacted in H1 2024 has been Grade A quality"
"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"
"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"