2011 Strong year for logistics property
At first glance, market conditions for logistics property seem to be favourable.
This is one of the conclusions from CBRE's MarketView Dutch Logistics Market Q4.
General vacancy has fallen to acceptable levels, although significant local differences still exist. Cargo throughput in the ‘mainports’ is still robust and the German economy continues to perform well.
West-Brabant was the best performing region of 2011 and saw vacancy in modern space falling further. In Q4, Tilburg finally witnessed a large take-up with Syncreon leasing more than 45,000 sq m, immediately lowering the vacancy in that hub by more than 20%. In Q4, the national take-up was over 25% lower than in the same quarter of 2010. But mainly thanks to an impressive Q2, 2011’s take-up exceeded that of 2010, even though the number of transactions was roughly the same.
Click on the document below to view the complete MarketView.