Take-up
Take-up fell by 4% in the leading European markets . Demand strengthened in the UK, Spain and Germany whilst take-up dropped in France and the Netherlands . Rents rose by 2.7% in Q1 2026.
Prime rents
Prime rents rose by 2.7% during Q1 2026 (y-o-y) in a panel of 45 markets covering 21 countries.
Inflation and high construction costs were strong contributors to rental growth between 2020 and 2023.
In Q1 2026, some cities continue to see rents expand but overall, the market slowdown over the past two years resulted in limited rental growth in most markets.
Investment
The market good momentum of 2025 was put to a stop in most European countries during Q1 2026.
Long -term government bond yields increased on average by 25 bps in Europe in Q1.
Prime Yields
Logistics prime yield expansion over the past two years had ceased with moderating inflationary pressure and long-term government bond yields hitting a ceiling.
During Q1 202 long-term government bond yields increased on average by 25bps in Europe. With higher bond yields and moderate rental
growth, price adjustments have been recorded in France, Germany and the UK.