The Logistics Q4 snapshot highlights the key figures and insight for the Italian market
2019 was brilliant for the logistics letting market, reaching the highest absorption ever recorded. From a geographic point of view, Milan confirms to be the preferred destination, attracting almost half of the yearly take-up.
Most of the development activity remains built to suit, with speculative construction continuing to hover at just below 30% of total space under construction.
Logistics volumes also reached record levels, with a total of €1.5 bn of volumes invested, an increase of 42% compared to 2018. In a market guided by international investors, the fundamentals of urban logistics suggest the potential for investment outperformance.