Despite encountering more challenging market conditions, the Swedish logistics market concluded 2022 on a strong note, with industrial/logistics investment volume surpassing SEK 50 billion once again. Furthermore, the year witnessed the highest-ever level of new deliveries, exceeding 1.3 million sqm. However, the latter half of the year recorded a notable reversal in the yield trend, characterized by significant decompression.
Moving into 2023, the investment market experienced a relatively subdued first quarter, with approximately SEK 4 billion transacted within the industrial/logistics sector. While investor activity declined, developer activity remains robust, as nearly 1.5 million sqm of new projects are scheduled for completion this year. Moreover, over 40% of the ongoing projects are being developed on a speculative basis. With a significant add in supply and signs of a weakening demand, the question of vacancy rates assumes heightened significance
The 2023 edition of the Logistics Sweden report offers an enhanced perspective on the Swedish logistics market. It provides a comprehensive overview of the top logistics locations, along with a detailed examination of the development pipeline and its impact on future vacancy rates. Additionally, the report addresses the potential risk of obsolescence surrounding aging logistics assets and explores the latest sustainability trends, presenting a thorough analysis.
The insights included in this report aim to explore the market as of the end of the first quarter of 2023. If you require more detailed data, please do not hesitate to contact us.
