Occupier demand for European distribution warehousing remained buoyant during the first half of this year although logistics investment activity was down 38%, according to a new Jones Lang LaSalle report.
Occupier demand for European distribution warehousing remained buoyant during the first half of this year although logistics investment activity was down 38%, according to a new Jones Lang LaSalle report.
Occupier demand in the European logistics sector was up 10% on the same period of last year and just 6% short of the record booked in the second half of 2007, the report, which will be published soon, says.
Positive trends over the six months of the year include globalisation, expansion into the Central and Eastern European (CEE) markets, the changing structure of warehousing functions and changing retail patterns.
'Despite the positive take-up numbers, growth in the occupier market in the first half was not equally spread across the region and signs of slowing activity has already become evident in some locations,' said Rainer Koepke, head of industrial and logistics Germany at Jones Lang LaSalle.
