Industrial Market Overview H1 2022

The industrial and logistics market maintained its activity levels since the end of 2021. Demand was initiated by retailers and wholesalers (69%), followed by logistics operators (23%), professional services companies (3%), pharmaceuticals (3%) and manufacturing (1%).

The slight increase in supply, combined with the sustainable occupier demand, resulted in a 2% drop in vacancy to 6%.
Rental levels remained unchanged. The gap between asking and effective rent started to melt. The average asking rental rates for class A warehouses, with good location and established infrastructure, were between EUR 4.7 – 5.2 per sqm per month. Class B space stood at an average of EUR 2.7 per sqm per month.

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