After this turbulent period, we are committed to providing you with a status update of the Logistics & Industrial sector in EMEA. In the infographic below, we summarize the latest insights for you that our consultants gain during their daily conversations with users, investors and developers in the Logistics & Industrial market. Following the launch of our previously released COVID-19 Retail and Office Map, we are therefore happy to share the most current key takeaways from our sector. This route map gives you insight into the current sentiment in EMEA on the Logistics & Industrial market after four months of lockdown.
Menno van Boxtel (Head of Industrial & Logistics): “On the entire industrial property market in the Netherlands, both industrial and logistics, a total of 37% less industrial space was taken into use in the first half of 2020 than in the first half of 2019. Although the Corona period plays an obvious role, this decrease has several causes. As in other real estate segments, the CVOID-19 period now mainly acts as a catalyst or accelerator of structural trends that have been influencing for a long time. The logistics and industrial real estate market has been confronted for a long time with an acute supply shortage, which has now been translated into declining take-up figures. This trend has already manifested itself since the 2nd half of 2019: the scarcity of available plots for new construction as a result of complex regulations regarding nitrogen emissions has slowed down the development of new logistics centers. Based on the basic estimate of the CPB, the take-up is expected to amount to about 3.1 million square meters over the whole of 2020. This would mean a decrease of 39% compared to the record year 2019.”
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COVID-19 Industrial and Logistics Map
Menno Van Boxtel • 18/08/2020
The first edition of the COVID-19 EMEA Logistics & Industrial infographic is now available.