Europe - CRE 360 report - February 2023
Investment regained momentum over 2021 after the Covid-19 crisis to reach pre-crisis levels as economies reopened with control of the pandemic outbreak.
Investment regained momentum over 2021 after the Covid-19 crisis to reach pre-crisis levels as economies reopened with control of the pandemic outbreak.
The rapid acceleration in financing costs from mid-2022 destabilized pricing in the market, resulting in investment plummeting by Q4 as buyers and sellers pulled back.
While hybrid work models are here to stay, workplace plays a key role in attracting and retaining talent, both in terms of space quality and location.
The logistics market is thriving boosted by a favourable economic backdrop stimulating exports, retail sales and consumer spending.
Investment still plummeting: all asset classes experienced a strong reduction.
An all time high for the logistics market though Q2 suggests slowdown is happening Demand faded slightly in Q2 though supply...
Over the 12 months ending with Q3 2023, investment reached €155m, far below Q1 2021’s low point and back to 2013 levels. This compares with the high in investment of €322bn reached in Q2 2022.
Above its 5-year average, the European logistics market is holding up well despite an economic slowdown.
Activity is slowing down throughout Europe. After 5 years of outstanding investment volumes, the market continues to attract buyers.
The real estate cycle that began with the GFC in 2008 explicitly came to an end in 2023. What was notable about the end to this cycle was its elongated nature: drawing the cycle to a close took an entire year.