Cushman & Wakefield’s analysis of 135 global logistics markets in its Waypoint 2026 report indicates the proportion experiencing tenant-favorable conditions is expected to fall from 52 percent in 2026 to 33 percent by 2029 as vacancy tightens and supply remains constrained. This shift in the balance of power will see 39 percent of markets experiencing landlord-favorable conditions in 2029, up from 26 percent in 2026.
Demand for higher-quality, strategically located assets is being reinforced as businesses redesign their networks to reduce exposure to geopolitical, trade and climate disruption, which are becoming structural factors rather than episodic disruptors. Global logistics rents already sit 36 percent above 2020 levels, and operating costs continue to rise, prompting occupiers to make strategic decisions to secure critical locations. Globally, 54 percent of markets expect rental growth over the next three years.
Report author Sally Bruer, Cushman & Wak
