Logistic market remains strong despite economic circumstances
The logistics property market in the Netherlands showed some strong numbers in the third quarter. This is one of the conclusions from CBRE's MarketView Dutch Logistics Market.
Take-up recorded an annual increase again, resulting in a vacancy rate that dropped further to a level of 7.7%.
Rotterdam witnessed a recovery in distribution space absorption, a (late) reaction to the recovered cargo volumes in the port. The West-Brabant region has staid in demand and saw vacancy in modern space falling further.
A growing amount of investment properties is disposed to local parties, often for redevelopment, or to owner-occupiers, who increasingly prefer to own the property instead of leasing it. This trend is mainly the result of the favourable pricing and
low interest rates of non-prime property.
To view the full report click on the pdf below.