Take-up
Take-up increased by 20% in the leading European markets. The logistics market is showing great resilience maintaining a strong growth momentum in Germany, Poland, Spain and Italy. France and the Netherlands recorded encouraging signs with strong activity in Q2.
Prime rents
Prime rents rose by 3.3% during Q2 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 Q2 2026, some cities continue to see rents expand but overall, the market slowdown in 2025 and early 2026 resulted in limited rental growth.
Investment
The investment market’s good momentum of 2025 was brought to a stop in most European countries during Q1 2026. Some improvement was recorded in Q2. Overall, the Middle East crisis and its share of uncertainties has cooled investors’ confidence.
Industrial and logistics is maintaining a strong market share against other assets. Investment shifted from 15% in 2017 to 24% of total commercial real estate in Q2 2026.