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95% of transactions for logistic asset finalises in 12 months

17 February, TCE Magazine

Nomisma and World Capital’s latest joint survey shows that the logistic real estate sector is in good shape, with 95% of the transactions finalised within a year. The demand focuses on spaces between 5,000 and 15,000 Sq m. Rents are higher in Milan and Genoa, while Florence reports the highest national prime rent with 72 euro/Sq m a year. Yields recorded a contraction compared to the past (over 8% in 2005), with Milan reporting a 5.3% average net yield in the second half of 2020.

Overall, the sector responded well to the pandemic. The challenge ahead will be meeting the consumers’ needs, which are increasingly leaning towards online purchases. At the same time, investors will have to bet on flexible solutions to adjust quickly to the market’s changes.

Source: TCE Magazine

Translator: Cristina Ambrosi