The annual Logistics Rent Index Report by Prologis combines expertise on local markets with proprietary data to analyze rent trends in North America, Europe, Asia, and Latin America.

The 2023 report indicates continued high demand and steady growth in logistics rents globally, with significant growth in Latin America and Mexico due to ultra-low vacancies. Even in the USA and Europe, rents increased by 6 and 7 percent, respectively, suggesting sustained strong demand despite a weak economy. The Netherlands saw the strongest increase in Europe with a 13 percent rise, followed by Germany at 10 percent.

The European market is expected to continue growing, especially considering its lower e-commerce penetration compared to the USA, which offers growth potential in the coming years.

In Sweden, rents increased at a slower pace, rising by 2.5 percent in 2023 after a strong 2022. Despite lower growth in Stockholm due to increased supply, rents in Gothenburg are expected to rise, given low vacancies and limited potential for new construction.

Read the full report here.