Surging online sales resulting in resilient logistics take-up levels and unwavering investor demand will push the logistics sector toward a record year and continue to compress prime yields in 2021, according to Savills.
The international real estate adviser suggests logistics take-up has remained resilient for the first three quarters of 2020, reaching 21.8 million square meters (235 million square feet), rising 10 percent above the equivalent level for this stage in 2019. The Netherlands (4.6 million square meters/49.5 million square feet, up 56 percent year-over-year), Poland (3.7 million square meters/39.8 million square feet, up 33 percent year-over-year) and the United Kingdom (3.5 million square meters/37.7 million square feet, up 46 percent year-over-year) accounted for the majority of the increases.
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