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- Occupier demand has continued to strengthen throughout 2026, with take-up reaching 177,000 sq m for the year so far, surpassing the 161,000 sq m recorded during the same period last year.
- Demand remains concentrated in larger-scale transactions, with units exceeding 5,000 sq m accounting for 61% of leasing activity so far this year. Logistics operators, alongside businesses supporting the rapidly expanding data centre and digital infrastructure sectors, have been among the most active occupiers so far this year.
- Development activity increased across several key locations in Q2 and Q3. While the delivery of new stock is likely to result in some upward movement in the vacancy rate, continued robust demand should limit the extent of this increase, leaving overall availability relatively constrained.
- While prime headline rents remained stable at €14.50 psf, further upward pressure is expected, with new Grade-A space anticipated to achieve between €14.75–€15.00 psf in the coming quarters.
- Investor appetite has remained strong, with transaction volumes surpassing €600 million so far this year. The landmark sale of Horizon Logistics Park was a standout transaction, further demonstrating sustained confidence in this sector.
- Prime yields have remained stable at 5% throughout the year. While elevated financing costs and broader macroeconomic headwinds continue to influence investment decisions, robust occupier demand, limited vacancy and positive rental growth prospects continue to underpin the sector’s long-term appeal.