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:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.