GDP and logistics rent growth on different tacks for first time
Although Europe’s economies face a variety of headwinds, the resilience of the logistics real estate sector is underlined by the growth in rents in the sector.
As the CEO of Swiss Life Asset Managers’ Beos Logistics explains, this is the first time that the correlation between GDP and rental growth has diminished. “We see much more rental growth than we see GDP growth,” he explained.
“The market is very positive, we have a lot of demand from strong local players, we have a lot of strong potential growth in the market. For everybody who is invested in logistics, these are perfect times,” Steves said.
He said that trends such as onshoring and reshoring, e-commerce demand and the reconfiguration of supply chains are driving demand for warehouses. “These times are exciting for us,” he commented.
