Increasingly competitive market for prime warehouse space in Europe. JLL takes a quick look where conditions are most favourable and other trends impacting corporates.

1. 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.
European Industrial & Logistics
Corporate Occupier Conditions
Q2 | 2016
At a glance
Total take-up in the first half of 2016 surpasses record
H1 2015 - leading to lower available supply.
Q2 Prime Rents
European Industrial Market Conditions
– Occupier Incentives
Robust Short-term Supply
of total stock
>9%
Low Property Costs (per sq m)
<€70
Netherlands
Russia
Hungary
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
Warsaw
<€50
sq m pa
Belgrade
Berlin
Bratislava
Brussels
Istanbul
Madrid
Milan
Paris
Rome
Rotterdam
St Petersburg
Zagreb
€50-€65
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
www.jll.eu
* JLL’s Supply Chain Activity Index, a composite index of economic and supply chain variables that the EMEA Industrial & Logistics
Group has constructed to forecast short-term corporate demand for logistics (distribution warehouse) space across Europe.
Find out more: http://www.jll.eu/emea/en-gb/research/256/jll-supply-chain-activity-index
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 lowers to 6.1% as demand continues
to outpace supply.
Speculative development continues slow uptick -
now accounts for roughly one quarter of all developments.
Tight supply pushes an increase in prime rents
in France, Netherlands & Spain.
Copenhagen
Edinburgh
Frankfurt
Gothenburg
Hamburg
Moscow
€65-€80
sq m pa
The JLL Supply Chain Activity Index* increased in Q2 to 128.0 up from 126.9.
This meets in line with our initial forecast from Q1. Expect to see robust warehouse
demand continue for the remainder of the year and into 2017.