MARKETVIEW
Europe’s logistics markets
keep firing on all cylinders
EMEA Industrial & Logistics, Q3 2015
HEADLINES
Record quarter for take-up of logistics space
Occupier demand driven by search for economies
of scale and supply chain optimisation
Construction pipeline remains robust, but is not
leading to a widening market
Rental growth has strengthened but remains
modest and patchy
Yields in Central and Southern Europe have
moved in considerably
OCCUPIER DEMAND
Q3 2015
CBRE Research
© 2015, CBRE Limited 1
+37.4% y-on-y
+1.39% y-on-y
Source: CBRE Research, October 2015
Figure 1. EMEA logistics take-up (aggregate of 30 key hubs)
-59 bps y-on-y
+10.75% y-on-y
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2011
2012
2013
2014
2015
x million sq m
x million sq m
Quarterly take-up (LHS)
Moving annual average (RHS)