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Rotterdam, 29 february 2024 \u2013 Tight supply but also waning demand have hampered take-up, while increased interest rates are holding back mainly core<\/em> investors.<\/strong><\/p>\n These are the conclusions from the recently published research report \u201cLOGISTICS REAL ESTATE, Dutch Market Report 2024\u201d, released by INDUSTRIAL real estate partners<\/strong>. Specializing in the Dutch logistics and industrial real estate sector with a nationwide presence, our agency, in collaboration with Bak Property Research, annually tracks all occupier and investment transactions within this segment.<\/p>\n In 2023 occupier take-up totaled 2.1 million m\u00b2, marking a significant 42% decrease from 2022. Persistent supply constraints hampered take-up, but increasing tenant uncertainty – compounded by soaring rental prices – also starts to impact the market. Supply is increasing, especially outside the traditional hotspots and in speculative developments.<\/p>\n While rental prices surged in 2023, they appear to be stabilizing now. The economic downturn among occupiers will undoubtedly have ramifications, but the logistics service market appears resilient. Meanwhile, the scarcity of (re)development locations remains.<\/p>\n