Cushman & Wakefield has published its inaugural global logistics and industrial outlook, Waypoint 2025, which highlights a significant shift in the sector as global supply chains are reconfigured and cost pressures evolve. Drawing on insights from more than 120 markets worldwide, the report shows that in the near term, the balance of power is tilting toward landlords, with wide-reaching implications for occupiers, investors and developers.
The research reveals that the proportion of tenant-favorable markets is expected to fall sharply from 52 percent today to 28 percent by 2028. This change is being driven by constrained supply, robust demand, and rising costs across key inputs such as rent, labor, construction materials and electricity. At the same time, landlord-favorable markets are forecast to rise from 24 percent to 35 percent, signaling a more competitive leasing environment in the years ahead for occupiers.
“With the global logistics an
