SUBDUED START TO THE YEAR
The rapid change on the world's financial markets along with the present uncertainties about the further development of the occupier markets dampened considerably the activity on the commercial real estate investment market at the beginning of the year. Even the logistics sector, which proved to be comparatively resilient in the past, has not been spared from this development. At around €951 million, the logistics investment market had its weakest start to the year since 2016 (€818 million), falling short of the record result from the previous year by around 80% and the long-term average by 47%. Remarkably, however, the current result is based entirely on single deals whose volume is roughly in line with their long-term average. Single deals alone have almost reached the €1 billion mark, showing that buyers and sellers continue to match even in the current stage. However, both sides are currently sounding the market considerably more than in previous years, resulting in more selective transactions.