SCHIPHOL 15 March 2021 – The take-up of logistics properties in The Netherlands in 2020 decreased to a limited extent, the investment market reached another record.
This is the conclusion of INDUSTRIAL real estate partners’ most recent research report, “LOGISTICS REAL ESTATE, Dutch Market Report 2021”. The agency firm, with 3 offices in the Netherlands the only real estate advisor specialized exclusively in logistics and industrial real estate, annually registers all occupier and investment transaction from 5,000 square meters, in co-operation with Bak Property Research.
The total take-up amounted to 3 million m², 10% less than in 2019. The Rotterdam / Haaglanden region once more recorded the highest take-up, partly helped by a large lease transaction on the Maasvlakte. As in 2019, the majority of the take-up concerned new-build. Supply increased, especially for existing buildings. Despite this, rent levels of high-end buildings rose.
Within the take-up in the new-build segment, the sharp decline of the share of build-to-suits stands out, while the share of speculative developments has grown strongly. Speculative development of logistics real estate appears to have been – largely – successful again in 2020.
If possible, logistics real estate has become even more popular as an investment category. The investment volume was € 3.245 billion, another record. Prime yields have broken the 4% barrier.
The complete report can be downloaded via this link: Industrial-Dutch-Market-Report-2021