Savills

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Reorientation in logistics real estate

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Contacts & Related Research

Analysis of take-up, supply, and strategic opportunities in the Dutch logistics market

The Dutch logistics real estate market is currently undergoing a phase of reorientation. Driven by geopolitical challenges, rising construction costs, and regulatory constraints, vacancy rates have increased from approximately 3% in 2022 to 5.7% at the beginning of Q3 2025. Nevertheless, take-up remains close to the long-term average, and valuation data indicates that the sector remains resilient, according to Savills latest whitepaper: Reorientation in Logistics Real Estate: Shocks and Stability in the Dutch Market.

Key findings:

  1. Stable take-up: Between 2019 and 2024, the annual take-up of logistics real estate averaged approximately 3.1 million sq m, with levels in 2023 and 2024 remaining close to this figure despite prevailing macroeconomic headwinds.
  2. Rising vacancy in new builds: As of Q3 2025, 31.4% of available stock comprises buildings that are less than five years old, of which 70% are outside established logistics hotspots.
  3. Declining preference for traditional hotspots: In the first half of 2025, only 35% of take-up occurred within traditional logistics hotspots, compared to 55% in 2024.
  4. Visible value growth: Industrial real estate, including logistics, saw a value increase of approximately 10% between Q2 2022 and Q1 2025.