Light Industrial Quarterly Report Q1 2024
- Sven Bertens
- Floor Beeren
- Jerrel King
- Evan Henneberry
- Tilly Spierings
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The light industrial market in the Netherlands displayed resilience throughout 2023, despite economic uncertainties that impacted other real estate sectors. While occupier activity declined in various sectors, the light industrial market remained relatively strong.
Leasing transactions in the light industrial sector were particularly concentrated in the smaller segment. Approximately 2.4 million square meters of space was leased, which is a 9% decrease compared to the previous year. However, the number of transactions increased by 6%. This trend was observed in nine out of the 12 Dutch provinces, indicating a wider distribution of leasing activity. Additionally, six provinces experienced an increase in leased floor space.
A similar pattern was also noticeable in the major municipalities of Amsterdam, Rotterdam, Utrecht, and Eindhoven. Despite the challenges faced by other sectors, the light industrial market demonstrated resilience and continued to generate leasing activity in these key cities.
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