The European logistics market is in one of its strongest positions for decades, but sales volumes adjusted down in 2018 due to the exceptional volumes achieved in 2017, reported BNP Paribas Real Estate.
Following the record volumes achieved in 2017, the market remained strong, fuelled by e-commerce and constrained by short supply plus low vacancy rates across Europe. Logistics take-up for warehouses over 5,000 square meters (54,000 square feet) in 21 cities was up 1 percent in 2018 versus 2017.
Demand is strong, and take-up levels are 15 percent above the five-year average, according to BNP Paribas Real Estate. Countries including Germany, Spain and the Netherlands hit a new record volume of transactions in 2018.
The investment market adjusted down as expected after the exceptional volumes recorded in 2017. Industrial and logisti
