Current conditions remain favourable for corporate industrial and logistics occupiers in Europe despite increased demand and limited supply. JLL takes a quick look where conditions are most favourable and other trends impacting corporates. http://www.jll.eu/emea/en-gb/research/253/european_industrial_occupier_conditions_q1_2016

1. European Industrial & Logistics
Corporate Occupier Conditions
Q1 | 2016
At a glance
Warehouse floorspace taken up at highest
level to start a year in the current cycle
UK and Ireland only countries to record positive
quarter-on-quarter growth
Third party logistics providers lead demand in Q1;
e-commerce demand picks up outside of core markets
Speculative development now occurring in nearly all
European countries as vacancy continues to remain low
Q1 Prime Rents
European Industrial Market Conditions
– Occupier Incentives
Robust Short-term Supply
of total stock
>10%
Low Property Costs (per sq m)
<€70
Netherlands
Russia
Turkey
Germany
UK
Finland
France
Hungary
Netherlands
Sweden
Russia
Turkey
Czech Republic
Italy
Poland
Average months free in a calendar year on a standard lease.
Croatia
Ireland
Serbia
Spain
France
Croatia
Poland
Romania
Slovakia
European Industrial Market Conditions
– Most Competitive Opportunities
Antwerp
Athens
Budapest
Bucharest
Lille
Lisbon
Lyon
Prague
St Petersburg
Warsaw
<€50
sq m pa
Belgrade
Berlin
Bratislava
Brussels
Istanbul
Madrid
Milan
Paris
Rome
Rotterdam
Zagreb
€50-€65
sq m pa
Copenhagen
Edinburgh
Frankfurt
Gothenburg
Hamburg
€65-€80
sq m pa
0.5 months free 1 month free 1.5 months free 2+ months free
>€80
sq m pa
Amsterdam
Birmingham
Barcelona
Dublin
Helsinki
London
Manchester
Munich
Oslo
Stockholm
JLL quarterly Industrial & Logistics analysis illustrates the current market condition and examines how it will evolve in the future.
All figures are in sq m / €, based on logistics units >5,000 sq m and UK>10,000 sq m
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COPYRIGHT © JONES LANG LASALLE IP, INC. 2016. All rights reserved. No part of this publication may be reproduced or
transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we
believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains
no factual errors. We would like to be told of any such errors in order to correct them.
For more information, contact:
Alexandra Tornow
EMEA Industrial & Logistics Research
alexandra.tornow@eu.jll.com
Guy Gueirard
Head of EMEA Industrial & Logistics
guy.gueirard@eu.jll.com
Ryan Loftus
EMEA Industrial & Logistics Research
ryan.loftus@eu.jll.com
Estimated European vacancy rate at about 6.25% and likely to remain
low for the immediate future