Logistics vacancy has dropped below 5% for the first time on record
Real estate advisor CBRE has presented the figures in the logistics investment and occupier market for the first half-year of 2016. Below are the highlights from the MarketView Netherlands Industrial.
- Occupier demand for logistics space produced a record high Q1 and a surprisingly low Q2
- Net absorption remained positive and logistics vacancy has dropped below 5% for the first time on record
- New logistics development has picked up strongly
- Investment turnover remained stable on an annual basis, reflecting continued investor appetite
- Multi-let light industrial is especially sought after in a strategic bid for city delivery sites
- Prime yields have declined further but appear to be bottoming out
To read more please download the MarketView here.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.