Savills – European Logistics Outlook, 2Q 2023

Savills has released a report on the European logistics sector, noting strong demand and limited supply leading to increased rent prices and transaction activity. The rise of e-commerce has been a major contributing factor, with a surge in demand for last-mile distribution centers and urban logistics facilities. The COVID-19 pandemic has accelerated the adoption of automation, digitalization, and sustainability practices in the logistics industry. Brexit has also influenced the logistics landscape, leading companies to reevaluate their supply chains and seek new warehouse locations. The report predicts further growth in the European logistics market, driven by e-commerce expansion and the increasing importance of logistics in supply chain management. The demand for flexible and sustainable logistics spaces is expected to rise as businesses adapt to changing consumer needs and regulatory requirements.