Netherlands Light Industrial Market Dynamics, Q4 2024
Summary and analysis of The Netherlands current light industrial real estate market conditions.
- Sven Bertens
- Floor Beeren
- Jerrel King
- Evan Henneberry
- Tilly Spierings
The light industrial occupier market shows resilience with steady quarterly take-up volumes, despite economic challenges. Take-up in Q4 reached 530,000 sq.m. (+2.2% q-o-q), bringing total take-up for the year to 2.2 million sq.m.
Vacancy rates have increased slightly this year but remain low at 2.3%. Most of the light industrial space being offered for lease is relatively outdated, emphasizing the shortage of modern, high-quality facilities within the market.
Investment activity rebounded at the end of 2024, with investment volumes reaching €182 million in Q4 (+44% q-o-q). Total invest volumes for the year amounted €520 million, slightly down on last year.
