In a context of slow economic growth and strong geopolitical uncertainty, there are contrasting trends across Europe. The lack of new developments remains supportive of rental growth in prime sectors.
Take-up increased by +3% (vs. 2024) to 19.4 million sqm across the six main markets*, driven by the return of large transactions, even though volumes remain below their ten‑year average. Despite an uncertain economic environment and persistent geopolitical tensions, the European logistics real estate market maintained positive momentum in 2025.
Residential market activity continues to be driven by small and mid-scale deals. 2025 was marked by more transactions overall, though fewer large-scale deals where supply remains limited.