Real Estate for a changing world

Property Report - European Logistics Market - March 2022


An all times high for logistics markets


Market fundamentals are healthy with low vacancy rates in most countries. The lack of new developments combined with the strong activity in the e-commerce sector are the two main factors that contribute to rental growth in prime sectors.

  • European logistics set up a new record volume of transactions boosted by a strong economic upturn.
  • Supply is low with vacancy rates down again to 5.0% or less in most European countries. 
  • Rents rose by 3.4% in 2021 and are likely to continue to grow, stimulated by inflation, particularly in sectors where the imbalance in demand vs supply is strong.



The industrial & logistics market is yet again breaking a new record volume of investment gaining market share against other assets. Supported by strong occupier fundamentals, yields are still compressing in most market.

  • With over €65 bn invested during 2021 in industrial and logistics, the market set a new record compared to last year.
  • Prime yields compressed by 65% on average in Europe in 2021. The prime yield dropped to 3% in the main markets.
  • Further yield compression is expected for prime assets reflecting limited stock and strong demand. 


Property Report - European Logistics Market - March 2022
PDF - 2.4Mo