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MARKETVIEW
EMEA INDUSTRIAL & LOGISTICS
© 2015, CBRE Limited
Q3 2015
CBRE Research
Table 1. EMEA Industrial Rents & Yields
Source: CBRE Research, October 2015
4
Industrial Rents
Industrial Yields
Country
City
Local Rent Currency
Measurement
Prime Rent (Local
Currency Measurement)
Prime Rent
(€/SqM/Annum)
Change on Quarter (%)
Change on Year (%)
Change from Trough
(%)**
Prime Yields (%)
Change on Quarter
(BPs)
Change on Year (BPs)
Change from Trough
(BPS)**
EMEA Industrial Index
0.5
1.4
4.0
6.8
-20.3
-59.5
-179.1
Austria
Vienna
€ per sq m pm
4.85
58.20
0.00
1.04
1.04
6.50
-15.00
-60.00
-115.00
Belgium
Brussels
€ per sq m pa
48.00
48.00
4.35
4.35
9.09
6.25
-50.00
-60.00
-135.00
Croatia
Zagreb
€ per sq m pm
5.00
60.00
0.00
-5.66
0.00
9.25
0.00
-25.00
-50.00
Czech Republic
Prague
€ per sq m pm
4.35
52.20
0.00
3.57
3.57
6.50
-25.00
-50.00
-225.00
Denmark
Copenhagen
DK per sq m pa
425.00
56.96
0.00
0.00
0.00
6.25
0.00
-75.00
-175.00
Estonia
Tallinn
DK per sq m pa
4.80
57.60
0.00
0.00
12.94
8.00
0.00
0.00
-25.00
Finland
Helsinki
€ per sq m pm
144.00
144.00
0.00
4.35
27.43
6.25
0.00
-50.00
-115.00
France
Lille
€ per sq m pa
44.00
44.00
0.00
0.00
0.00
6.25
-25.00
-50.00
-125.00
France
Lyon
€ per sq m pa
46.00
46.00
2.22
2.22
4.55
6.25
-25.00
-50.00
-125.00
France
Marseille
€ per sq m pa
43.50
43.50
0.00
0.00
6.10
6.25
-25.00
-50.00
-125.00
France
Paris
€ per sq m pa
60.00
60.00
0.00
3.45
20.00
6.25
-25.00
-50.00
-200.00
Germany
Berlin
€ per sq m pa
4.60
55.20
0.00
0.00
2.22
5.20
-40.00
-80.00
-230.00
Germany
Dusseldorf
€ per sq m pa
5.40
64.80
0.00
3.85
3.85
5.20
-40.00
-80.00
-205.00
Germany
Frankfurt
€ per sq m pm
6.20
74.40
0.00
0.00
5.08
5.20
-40.00
-80.00
-205.00
Germany
Hamburg
€ per sq m pm
5.70
68.40
0.00
0.00
1.79
5.20
-40.00
-80.00
-205.00
Germany
Munich
€ per sq m pm
6.50
78.00
0.00
0.00
4.84
5.20
-40.00
-80.00
-205.00
Greece
Athens
€ per sq m pm
3.00
36.00
0.00
-7.69
0.00
11.70
0.00
170.00
0.00
Hungary
Budapest
€ per sq m pm
4.50
54.00
0.00
0.00
0.00
8.75
-25.00
-50.00
-75.00
Ireland
Dublin
€ per sq m pm
72.50
72.50
3.57
11.54
20.83
6.50
0.00
-75.00
-300.00
Italy
Milan
€ per sq m pm
50.00
50.00
0.00
4.17
4.17
6.50
-50.00
-100.00
-160.00
Italy
Rome
€ per sq m pm
52.00
52.00
0.00
0.00
0.00
6.50
-50.00
-100.00
-160.00
Latvia
Riga
€ per sq m pa
4.50
54.00
0.00
5.88
20.00
8.50
0.00
-50.00
-100.00
Lithuania
Vilnius
ILS per sq m pm
4.50
54.00
0.00
0.00
8.43
9.00
0.00
0.00
-25.00
Netherlands
Amsterdam
€ per sq m pa
75.00
75.00
0.00
0.00
11.94
5.85
-10.00
-40.00
205.00
Netherlands
Rotterdam
€ per sq m pa
75.00
75.00
0.00
0.00
11.94
5.85
-10.00
-40.00
-150.00
Netherlands
The Hague
€ per sq m pm
70.00
70.00
0.00
0.00
7.69
8.55
-20.00
-45.00
-45.00
Netherlands
Utrecht
€ per sq m pm
70.00
70.00
0.00
0.00
7.69
5.85
-10.00
-40.00
-205.00
Norway
Oslo
€ per sq m pa
1200.00
136.87
0.00
0.00
20.00
5.50
0.00
-70.00
-225.00
Poland
Warsaw
€ per sq m pa
4.00
48.00
0.00
0.00
0.00
6.50
-50.00
-50.00
-225.00
Portugal
Lisbon
€ per sq m pa
3.25
39.00
0.00
0.00
0.00
7.00
-50.00
-175.00
-250.00
Romania
Bucharest
€ per sq m pa
3.80
45.60
0.00
0.00
0.00
8.75
0.00
-125.00
-175.00
Russian Federation
Moscow
$ per sq m pa
70.00
62.71
-22.22
-45.10
0.00
12.75
0.00
150.00
-125.00
Russian Federation
St Petersburg
$ per sq m pa
72.00
57.90
-25.77
-48.57
0.00
13.75
0.00
113.00
-325.00
Serbia
Belgrade
€ per sq m pm
4.50
60.00
11.11
11.11
11.11
11.50
-50.00
-50.00
-150.00
Slovak Republic
Bratislava
€ per sq m pm
4.00
48.00
0.00
0.00
9.59
7.75
-15.00
-25.00
-100.00
South Africa
Johannesburg
€ per sq m pm
62.00
54.96
0.00
0.00
3.33
8.75
0.00
25.00
-225.00
Spain
Barcelona
€ per sq m pm
6.25
75.00
0.00
4.17
4.17
6.50
0.00
-125.00
-150.00
Spain
Madrid
€ per sq m pm
5.00
60.00
0.00
0.00
0.00
6.50
0.00
-125.00
-175.00
Sweden
Gothenburg
SEK per sq m pa
675.00
72.99
-6.90
-10.00
3.84
5.75
0.00
-25.00
-185.00
Sweden
Stockholm
SEK per sq m pa
900.00
97.32
0.00
0.00
0.00
5.75
0.00
-25.00
-200.00
Switzerland
Geneva
CHF per sq m pa
200.00
183.42
0.00
0.00
0.00
5.50
0.00
0.00
-125.00
Switzerland
Zurich
CHF per sq m pa
170.00
163.00
6.25
6.25
21.43
5.50
0.00
0.00
-150.00
Turkey
Istanbul
$ per sq m pm
7.50
80.62
-3.23
-3.23
36.36
7.50
0.00
-25.00
-400.00
Ukraine
Kyiv
$ per sq m pm
4.50
48.37
0.00
-20.35
0.00
16.00
0.00
0.00
-100.00
United Arab Emirates Abu Dhabi
AED per sq m pa
900.00
219.52
0.00
0.00
0.00
11.00
0.00
0.00
-150.00
United Arab Emirates Dubai
AED per sq ft pa
50.00
131.27
0.00
6.38
100.00
10.50
0.00
0.00
-250.00
United Kingdom
Edinburgh
£ per sq ft pa
6.50
94.95
8.33
8.33
8.33
6.00
0.00
-100.00
-200.00
United Kingdom
Glasgow
£ per sq ft pa
6.75
98.60
3.85
3.85
12.50
7.00
0.00
-25.00
150.00
United kingdom
London
£ per sq ft pa
14.00
204.50
0.00
12.00
12.00
4.50
0.00
-40.00
-325.00
United Kingdom
Manchester
£ per sq ft pa
5.95
86.91
0.00
0.00
8.18
5.75
0.00
-75.00
-260.00