Story perspectives
Global Logistics Rents Drop 5%: Market Reset Ahead
1/29/2025
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Story summary
- Global logistics real estate rents decreased by 5% in 2024, signaling a market reset after years of growth.
- Rising supply and cautious demand contributed to increased vacancy rates worldwide.
- Net absorption fell 14% below pre-pandemic levels, with the U.S. experiencing a 30% decline and Europe a 20% decline.
- A recovery in leasing activity is expected in 2025.
