"Resilient economic backdrop drives logistics output growth"
""Over the coming quarters we expect that the low vacancy in prime locations will continue to push rents up, while secondary and tertiary locations will attract the demand sensitive to savings. The e-commerce sector has been growing mainly in Central Bohemia and South Moravia, though other populated regions such as Northern Moravia and Eastern Bohemia will still to experience growth of this sector. The automotive sector remains strong in all major industrial centres.""
"Slower yield compression will produce stronger rental growth"
"Hand on heart, if somebody had told you ten years ago that property prices in Germany would at least double over the coming decade, would you have believed them? On 15 September 2008, investment bank Lehman Brothers filed for insolvency, marking the nadir of the global financial crisis. The crisis would lay the foundations for a perhaps unparalleled real estate boom, not least in Germany. Over the last ten years, purchases of residential and commercial property by institutional investors have totalled half a trillion euros (€120bn for residential property and €380bn for commercial property). Such inflows of capital are unprecedented in the German real estate market. This surge in demand has driven prices to an extent that nobody would have truly expected. Capital values have doubled across practically all property sectors during this period, reaching new record levels across the board."
"Six months ago, we wrote in this report: “Conditions for the German logistics and industrial market appear almost sensationally positive and there is little to indicate that the environment will deteriorate.” Now, intensifying trade disputes between the USA and both China and Europe may well bring about such a deterioration in the environment. The leading indicators have already worsened, particularly for Germany. While all indicators remain in the green zone, the euphoria has evaporated."
"Most regional markets see above average and record take-up levels"
"We are still searching for superlatives to describe the ongoing health of the UK logistics and industrial market"
"We are seeing continued rental growth in the region which is narrowing the historic gap with the West Midlands"
"Whilst Brexit is meaning deals are generally taking longer to complete we believe there is pent up demand for good quality space, which is being supported by the rents that have been achieved this year"
"After a relatively sluggish first quarter, we are beginning to see take-up in line with the long term average. With a number of significant deals due to complete over summer, the region is set for another robust year"