Q1 2016 marks strongest first quarter take-up on record for European Logistics and Industrial property. This infographic takes a quick look back and what to possibly expect going forward. http://www.jll.eu/emea/en-gb/research/254/european_logistics_market_fundmentals_q1_2016

1. Top performers
Q1 warehousing rents QoQ
excl. Russia
YoY
4.1million sq m
Rental growth slowing across Europe in Q1 2016 as the majority of markets saw stable
rental environments – Dublin and UK regional markets remain the only growth markets QoQ
European Industrial & Logistics
Market Fundamentals
Q1 | 2016
Q1 2016 marks strongest first quarter take-up on record
Rental growth slowing YoY but outlook remains positive
YoY
14%
QoQ
3%
QoQ
2% down if excl. Russia
10%
YoY
29% up if excl. Russia
YoY
21%
on 5yr Q1 average
45%
0.2% 1.7%
YoY
30%
93% on 5yr average
93%
2016 occupier activity expected to exceed 2015's record volume
according to JLL Supply Chain Activity Index
on 5yr Q1 average
27%
All markets significantly up on their 5-year Q1 average
except for Hungary and Spain; Germany marginally up
Other
12%
E-commerce
8%
Manufacturing
16%
Third Party Logistics
39%
Retail companies
25%
YoY growth in completion and pipeline volumes but slowing
quarter-on-quarter
Strongest growing occupier groups in Q1 2016 YoY
Take-up 3PL providers / curriers
YoY
31%
9.0million sq m
under construction
30% 22%
speculative non-speculative
excl. Russia
70%
Speculative development slowly edging upwards with
more markets seeing speculative developments returning
Lower new development starts over Q1 seen to be only a
temporary slowdown; low vacancy rates across most markets
and continued high occupier activity sustains expectations
of FY 2016 completion volumes to be higher YoY
Dublin
Glasgow
Manchester
YoY
Take-up e-commerce driven
48%
Strongly growing completion volumes in most of the
smaller markets – slowing QoQ volumes driven by
Germany and Russia
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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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
3PLs and e-commerce-led take-up main growth drivers in
Q1 activity
… but still significantly below the 70+% speculative share
recorded in 2006/2007