{"id":749,"date":"2018-09-27T11:32:57","date_gmt":"2018-09-27T11:32:57","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=749"},"modified":"2018-09-27T11:32:57","modified_gmt":"2018-09-27T11:32:57","slug":"demand-for-industrial-and-logistics-property-rose-in-50-of-emea-markets-in-1h-2018-driven-by-strong-occupier-sentiment-10763","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/demand-for-industrial-and-logistics-property-rose-in-50-of-emea-markets-in-1h-2018-driven-by-strong-occupier-sentiment-10763\/","title":{"rendered":"Demand for Industrial and Logistics Property Rose in 50% of EMEA Markets in 1H 2018, Driven by Strong Occupier Sentiment"},"content":{"rendered":"<p><strong>According to Colliers International\u2019s EMEA Industrial &amp; Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in 1H 2018, driven by strong occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU.<\/strong><\/p>\n<p>Declining industrial confidence across European markets has not dented demand for warehouse space in EMEA, with logistics services companies competing fiercely over property, particularly near infrastructure hubs and in last mile locations close to population centres, due to the rise in e-commerce.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/demand-for-industrial-and-logistics-property-rose-in-50-of-emea-markets-in-1h-2018-driven-by-strong-occupier-sentiment-10763\/#Vacancy_decreases_driven_by_lack_of_new_completions\" >Vacancy decreases driven by lack of new completions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/demand-for-industrial-and-logistics-property-rose-in-50-of-emea-markets-in-1h-2018-driven-by-strong-occupier-sentiment-10763\/#Outlook_remains_positive_for_the_industrial_and_logistics_market_in_EMEA\" >Outlook remains positive for the industrial and logistics market in EMEA<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vacancy_decreases_driven_by_lack_of_new_completions\"><\/span>Vacancy decreases driven by lack of new completions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cVacancy rates remained low in 1H 2018, with the vacancy average across all markets surveyed at 5.7%, and sub-3% vacancy rates found in cities including Munich, Bucharest, Copenhagen, Prague and Barcelona, among others\u201d, says <strong>Damian Harrington<\/strong>, Head of EMEA Research at Colliers International. \u201cThe strong demand meant that the percentage of markets seeing decreases in take-up fell from 54% in H2 2017 to 46% in H1 2018. This growth in demand could have been higher, but was constrained by the lack of quality, modern space available to occupiers.\u201d<\/p>\n<p>Construction activity was weak, although conditions improved relative to end of 2017, and the percentage of markets registering falls in their development pipelines decreased from 40% to 32%. There were big discrepancies among different EMEA markets: some CEE regions, like Central Poland, displayed robust construction pipelines, while in Western European cities such as Stockholm, Munich and Berlin, pipelines remained very low, at sub-100,000 sqm.<\/p>\n<figure id=\"attachment_750\" aria-describedby=\"caption-attachment-750\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-750\" src=\"http:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-200x300.jpg\" alt=\"Maciej Chmielewski\" width=\"200\" height=\"300\" title=\"\" srcset=\"https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-200x300.jpg 200w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-768x1152.jpg 768w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-683x1024.jpg 683w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-696x1044.jpg 696w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-1068x1602.jpg 1068w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski-280x420.jpg 280w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2018\/09\/Maciej-Chmielewski.jpg 1383w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-750\" class=\"wp-caption-text\">Maciej Chmielewski, Senior Partner at Colliers International, Director of the Industrial and Logistics Agency<\/figcaption><\/figure>\n<p>&#8220;The warehouse market in Poland is growing at a fast pace. In the first half of the year, we observed a record increase in demand by as much as 16% compared to the same period last year. 2.2 million sqm of modern warehouse space is currently under construction, which corresponds to as much as 15% of all warehouse space built in Poland over the last 20 years. This shows the huge scale of the Polish warehouse market and suggests a high level of activity among tenants. The potential in the market is not limited to the largest centres. We are observing a lot of interest in regional markets from manufacturing companies that are ready to invest in Poland. It is worth adding that despite the increase in rental rates, Poland is still a very attractive market for investors,&#8221; says <strong>Maciej Chmielewski<\/strong>, Senior Partner at Colliers International, Director of the Industrial and Logistics Agency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Outlook_remains_positive_for_the_industrial_and_logistics_market_in_EMEA\"><\/span>Outlook remains positive for the industrial and logistics market in EMEA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fierce competition for warehouse space and very limited availability will continue to weigh heavily on activity over the remainder of 2018, and most likely well into 2019. Looking at the macroeconomic picture, there are a number of uncertainties ahead that weigh heavily on the outlook for industrial and logistics real estate. In the UK, there are many unknowns around the outcome of the Brexit negotiations, and the impact on supply chains. In the EU27, Germany and the Eastern European automotive regions would be disproportionally affected by the trade wars with the US.<\/p>\n<p>\u201cGenerally speaking, occupiers looking for industrial accommodation in key geographies like Germany, the Benelux region and Scandinavia must prepare for further rental uplifts, but the market is stabilising in places. In cities including Stuttgart, Munich, Barcelona and Budapest, healthy demand will be clashing with reduced supply, but in cities like Lodz in Poland, active pipelines could be holding back uplifts in rental rates\u201d, comments Harrington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Colliers International\u2019s EMEA Industrial &amp; Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in 1H 2018, driven by strong occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU. Declining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[2799,178,160,289,299,174,273,2772,2721,2753,261,64,172],"class_list":["post-749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-barcelona","tag-berlin","tag-brexit","tag-colliers","tag-colliers-international","tag-copenhagen","tag-damian-harrington","tag-e-commerce","tag-emea","tag-lot","tag-maciej-chmielewski","tag-poland","tag-prague"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=749"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/750"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}