According to the latest reports, performance of the European Logistics market is likely to remain sluggish this year in comparison to that in year 2011.
The BNP Paribas Real Estate Q2 2012 European logistics market survey revealed that the demand for logistics services has been weakening for quite some time in many European countries. This indicates an impending slowdown in the uptake and requirement of logistics supply partnerships. As a consequence of this, the industry is expected to experience a weak end to the year as the final year-end performance will plunge below the level of 2011. However, the report indicated a steady performance of the UK logistics market, as take-up reached 1.4 million sq m.
Notably, The Midlands grabbed a lion's share of that uptake, while the North-West contributed immensely in take-up. It is expected though the take-up will not exceed 2011 figures by year-end. In the meantime, the report indicates that the strong German economy will lead to a "VERY GOOD YEAR" for the nation.
Despite the fact that logistics market in the UK could not perform as well as in year 2012 as it did in previous year, the country continues to remain the prominent occupier market for warehouses above 5,000 sq m in Europe. According to the report, Frankfurt and Hamburg are the largest logistics markets in Germany.
The rest of Europe also witnessed some small growth whereas France saw an increase in the take-up during H1 2012 reaching 773,000 sq m. However, the Netherlands witnessed "stable but sluggish" performance, as per SHD Logistics reports. The Spanish market is languishing, indicates the report.
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