2022-08-23

Warehouse market – summary of the 1st half of 2022

What does the warehouse market look like after the 1st half of 2022? Below is a summary.

✅ 26.15 million sq m – total warehouse resources (+19% y/y). 2.42 million sq m was a new supply (+107% y/y) and 4.35 million sq m (+30% y/y) is under construction.

✅ The base rents ⤴️ and are in the case of big box warehouses € 3.40-4.80 sqm / month and in the case of SBU € 5-5.75 / sqm / month.

✅ 3.3% vacancy rate (-1.7% y/y). 867,000 sqm is available immediately (-32% y/y).

The long-term outlook for the market remains favourable because “in light of disrupted supply chains and high inflation, companies from various industries will strive to improve the efficiency of logistics processes, including their relocation and shortening of supply chains”.

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