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Spike of demand for logistic assets with the focus on the requalification of existing properties

13 November, Il Sole 24 Ore

As the pandemic sped up the ongoing positive trend with the rise of e-commerce, the real estate logistic sector has reported excellent results. JLL estimated that in the first nine months of 2020, logistic leased spaces totalled a 1.5 million Sq m surface (+13% from 2019). In the same period, transaction volumes amounted to 860 million € (+69% from the previous years).

Operations mostly concern spaces with a surface below 10,000 Sq m, confirming the interest in small-sized assets. In general, these assets are centrally located, serving both as a warehouse and a last-mile dispatching point, are well connected with roads and have been obtained by reconverting existing properties, such as cinemas or parking lots. Milan is the first market in Italy, absorbing 67% of the capitals. Finally, there is still great interest in last-mile, with investments for 350 million € since 2018.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi