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Total take-up set a new record in 2016 with over 19 million sq m for the first time in the European market. The final quarter pushed the total to a new record. There was over 6 million sq m in take-up in Q4 alone.
European Industrial & Logistics Occupier Market outlook for 2017
• Occupier demand is forecast to remain resilient despite mainly modest economic growth and heightened political risks. Our Supply Chain Activity Index points to a slight deceleration on 2016’s record high, but still trending upward.
• New supply is likely to still be predominantly BTS. Vacancy rates are therefore projected to stay low in most major markets.
• Our model-based forecasts imply moderate rental growth in aggregate across Europe this year, but specific supply and demand dynamics will determine growth rates in local markets.