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Italian logistics snapshot | Q1 2024
The Italian Logistics Market Performance in Q1 2024
08 maggio 2024
Contributors:
- Francesca Fantuzzi
- Flavia Ferri
Key takeaways:
- The Italian economy is expected to grow by 0.7% in 2024 | Looking ahead, latest market projections indicate an average GDP growth of +0.7% in 2024. The impact of inflation is slowing down and there are signals that interest rates will fall towards the end of 2024.
- Logistics investment remains subdued | The I&L sector remains one of the main investment targets, despite a drop in volumes in Q1 2024. The strong fundamentals of the logistics and manufacturing sectors continued to attract both traditional and long-term logistics investors.
- Logistics take-up driven by 3PL and retail demand | The Italian logistics occupiers market remained resilient in Q1 2024 aligning with the average observed over the past five years, although down on the record set in Q1 2023. Demand was driven by grade A assets and by 3PLs and retail operators.