Industrial Insights: When Will Ecommerce Growth Stall?
Green Street takes a closer look at the Industrial sector as the rate of change in European ecommerce growth slows and recessionary headwinds loom on the horizon. Additional takeaways from the Industrial Insights report include:
- Europe enjoyed (another) record-low ~2.7% industrial vacancy rate in ’22
- Industrial demand has stared down fears of a hard economic landing
- Speculative supply has moderated considerably and all markets back in equilibrium
- Developers’ ambitions piquing as construction costs roll esp. if demand holds up
- Softer ecommerce-driven growth offset by reshoring and nearshoring tailwinds
- Northern European industrial markets to outperform their Southern peers