European logistics Census shows healthy occupier demand despite tough macro-environment

Occupier markets in the European real estate logistics will continue to benefit from the well-documented megatrends that have underpinned the sector over the last decade and were amplified by the onset of COVID-19, according to Savills and Tritax EuroBox in their third annual European Real Estate Logistics Census.

These drivers remain in place today, even as the near-term macroeconomic outlook remains challenging. There are some promising signs in the investment market. While inflation has persisted, interest rate hikes have begun to take effect, and price growth has started to decelerate as the year has progressed.

About 42 percent of the surveyed respondents said current business conditions are more favorable than six months ago. This is an improvement compared to the 35 percent who felt the same way a year ago, suggesting that occupiers have adapted to the economic situation and are more optimistic about the future. However, respondents in the broader prope