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Italy Industrial Market Dynamics, Q3 2024
Summary and analysis of Italy's current industrial real estate market conditions.
13 novembre 2024
Contributors:
- Francesca Fantuzzi
- Flavia Ferri
Italy Industrial & Logistics market fundamentals remain robust overall, but supply and demand are not always aligned in terms of location, asset quality and ESG parameters.
Despite lower take-up levels YoY, Q1-Q3 results are still above the 10-year average, supported by demand from 3PLs and retailers. Vacancy rates have increased, with the latest figures showing a rise to 3%, but are still low compared to other European markets.
From a Capital Markets perspective, thanks to two major transactions in Q3, investment levels have recovered in the sector, showing a slightly increase Y-o-Y in Q1-Q3 , confirming logistics as main investment target in Italy.