According to Savills’ latest research, total leasing activity across Europe’s logistics market reached 14.01 million square meters (151 million square feet) in first half 2026, a 20.5 percent increase on first half 2025. Italy (+56.9 percent year-on-year) and Spain (+62.8 percent year-on-year) were among the standout performers while France rebounded sharply in second quarter, with take-up rising 154 percent quarter-on-quarter.
The international real estate advisor says that businesses are prioritizing supply-chain resilience over pure cost efficiency, creating demand for nearshoring, friendshoring, defense-related manufacturing, and improved logistics networks. Occupiers are also consolidating portfolios into fewer, larger, and more efficient facilities. This means take-up can stay resilient even when net absorption is more modest, because the market is increasingly driven by strategic network decisions rather than simple expansion.
Sam Quellyn-Roberts, director i
