The latest research from CBRE shows the supply of European logistics space has dropped to a new low, with average vacancy rates across the region sitting just under 2.3 percent, a decrease of 50 basis points year-on-year.
The low availability levels are restraining the number of units that can be offered to occupiers and have left many requirements unmet. Despite a slower quarter, take-up in the first three quarters of 2022 totaled 19.56 million square meters (210 million square feet). This represents a 2.2 percent decrease from the same period of the previous year, when take-up reached 20 million square meters (215 million square feet), showing occupational demand has remained robust, particularly in the production and manufacturing sectors.
The imbalance between supply and demand continues to put pressure on rents, with several locations reporting further increases in their prime rents during third quarter. Amsterdam saw a 25 percent increase in prime rents compared
