Key rental market figures
With a total of 1.347,000 sq m in transactions over H1, the strong volumes seen in recent years have continued into 2019.
There were some significant disparities depending on the market: the Paris region may have seen a substancial increase (46% year on year), but decreases were recorded in other markets, such as Lille (-27%) and Marseille (-80%).
As the main consumers of XXL spaces, retailers accounted for the majority of take-up (53%).
Key Investment figures
Following a record year in 2018, the French logisitics investment market continued to perform well with almost €1 billion (€979 million) in investments over H1 2019; this is 96% higher than the 10-year average.
Domestic investors may have continued to play a key role, but the market is proving to be increasingly attractive to foreign investors, from the UK and German in particular.
As the market is more tense than ever with a considerable lack of core product, the prime yield is poised to dip below 4.50%.