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Logistics Real Estate in France: Market Update

In our Marketbeats and Flashs, we cover French logistics markets and sub-markets quarterly. We analyze KPIs and dimensions in the market.

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Last update: october 2023

Marketbeats and Flashs KPIs and dimensions in the market regarding:

  • Take-up: total of rental and sales deals carried out by end users including pre-lets, turnkeys and owner occupier deals warehouse-related Classes A, B, courier and refrigerated > 5,000 sq m
  • Immediately Available Supply: total of vacant space warehouse-related Classes A, B, courier and refrigerated > 5,000 sq m, offered for sale/lease at a particular time T.
  • Average Rent - New Space: expressed in Euro per year, excluding taxes and charges. The average rent corresponds to the average of rents, weighted by the total area of new space transacted (new and refurbished space).
  • Average Rent - Second Hand: expressed in Euro per year, excluding taxes and charges. The average rent corresponds to the average of rents, weighted by the total area of second-hand space transacted (excluding new and refurbished space).
  • Prime Value: the prime rent is the highest value of transaction found for Class A > 10,000 sq m, with firm and long commitment period.
  • New Development: total of new space to be built and under construction with or without authorization (planning permissions) and not yet delivered.
  • Confirmed New Development: total of developments underway at a moment in time T, not yet delivered.
  • Likely New Development: total of developments not yet underway at a moment in time T with issued building permit.
  • Vacancy Rate: share of immediately available supply in the existing warehouse stock at a time T.

More Insights

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How are players in the logistics property market - operators, developers, investors - responding to the challenges of Logistics 4.0?
Alexis Bouteiller • 11/10/2023
Market Forecast

European Logistics & Industrial Market Forecast

We anticipate that occupier activity will remain subdued over the remainder of 2023 and into early 2024 before rallying as businesses feel more optimistic. Availability will remain constrained as developers slow their speculative deliveries. Rental growth is expected to slow in 2024 and beyond but will remain in positive territory across European markets.
Sally Bruer • 02/10/2023


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