Rotterdam, 26 february 2025 – As take-up rebounds, supply is increasing rapidly. The investment market is stabilizing.
This is evident from the recently published research report “LOGISTICS REAL ESTATE, Dutch Market Report 2025,” released by INDUSTRIAL real estate partners. The brokerage firm, which specializes in the Dutch logistics and industrial real estate market and operates nationwide from three offices, records all occupier and investment transactions in this segment annually, in collaboration with Bak Property Research.
Total occupier take-up in 2024 reached 2.7 million m², a 15% increase compared to 2023. Although this marks a strong recovery, it remains 37% lower than the peak year of 2021. Supply is growing rapidly, especially outside traditional hotspots, where large volumes of speculative developments are realized. At the end of 2024, the supply-to-stock ratio stood at 8.3%—a figure high by recent standards but not abnormal from a longer historical perspective. Rental prices continue to rise, albeit now roughly in line with inflation.
The investment market has calmed as the impact of interest rate hikes has subsided and yield levels have become more defined. The appetite for investing in Dutch logistics real estate remains strong, which in 2024 was primarily reflected in a significant number of core-plus investments, forming the largest category at 46% of the total. Noord-Brabant led the rankings, closely followed by Zuid-Holland. Core yields currently range between 4.9% and 5.4% (GIY).
The complete report can be downloaded via our researchpage.