European Logistics Market Update Q1 2023

In our latest analysis of the industrial and logistics market, we examine occupier demand, rental performance, investment market and yields across Europe.

May 23, 2023
  • Lisa Graham
  • Alexandra Tornow

Nearly 5.7 million sqm were leased in Q1 2023 across the 13 major European markets. This was the slowest quarter since Q2 2020 and around 34% below the record Q1 of last year.

Supply constraints in addition to an uncertain economic outlook are contributing to a slowdown in leasing activity while on the other hand driving further rental growth.

Investors are still proceeding cautiously as most markets are expected to see further price corrections albeit upward pressure on yields is easing.

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