Warehause vacancy rate fell to 2.7% and rents rose 13%
The average rent of industrial and logistics properties was €4.65 per sqm in the second quarter, up 13% annually, CBRE data show. The vacancy rate fell to 2.7%. In the second quarter, 264,000 sqm of leases were signed, up 18% annually. Logistics firms leased the most space (61%), followed by the automotive and electronics (13% each) sectors. 13,300 sqm of new space was added to the market in 2Q and 256,000 sqm is under construction.
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