European logistics take-up fell 6% below record levels in 2022

CBRE shows that logistics take-up levels across Europe totalled 31.3m sqm in 2022, 6% lower than 2021 which saw record take-up levels of 33.4m sqm.

There was over 22m sqm of new supply brought to the region throughout the year. However, the average vacancy rate remained low at just 2.6% in Q4 2022 co...