Market Update - Industrial Sector

April 25, 2024

The shift toward e-commerce in Europe has dramatically increased demand for warehouse space and led to a sharp decrease in industrial vacancy rates, with warehouses in Europe operating at vacancy levels well below those seen before the pandemic.

We believe the lack of European industrial supply (particularly for modern warehouses) should bode well for rent growth in the coming years.

2024.04 VC - European Logistics National Vacancy Rates

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