Industrial Asset Class
The logistics space 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%).
Net absorption was 34,690 sqm. – a 46% rise, compared to the same period of 2021.
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.