The Advisory & Transaction Services Industrial & Logistics team consist of consultants with extensive experience in real estate. Thanks to our European network, composed of about 40 industrial teams in 25 countries, we can give both national and international advice. Our cooperation with developers, investors and end-users allows us to have a complete overview of all aspects of the market, putting us in the best conditions to offer a complete service to the advantage of our clients.
We are in particular specialized in the leasing and sale of:
Distribution centres and logistics plants
Land for industrial purposes and development areas
Consumers’ confidence continued to be positive in the first quarter of 2018, outlook is positive as well.
Consistent pipeline with over 300,000 sqm expected to open in 2018.
Rents for prime units in shopping malls are rising both in Milan and Rome, to 940 Euro sqm per year and 960 Euro sqm per year respectively: this confirms the growing polarization between prime and non-prime malls.
Rents are continuing to rise in the high street sector, with Milan reaching 7,000 Euro sqm per year and Rome 6,800 Euro sqm per year.
Investment demand for malls is contracting, especially as an irrational response to a widespread fear for dead malls originated in the United States.
The investment volume in the first quarter was up of 35% compared to the same period of last year.
In Q1 2018 take-up was approximately 82,000 sqm, net absorption was positive.
Protagonists of the quarter were the large deals (>10,000 sqm concentrated in the peripheral areas and the hinterland.
The most important negotiations concluded during the quarter involved a colossus in the automotive sector who leased new office space (10,000 mq), a foreign entity operating in the education sector which has occupied around 12,500 sqm and a logistics operator that leased 13,000 sqm.
The vacancy rate was down, coming in at 11.4%, confirming the trend of the previous quarter.
The prime rent of the CBD was also higher reaching 560 Euro/sqm/year. The prime rent in the Centre was also up at 400 Euro/sqm/year;
The pipeline for the next two years remains buoyant, with around 271,000 sqm with completion scheduled by the end of 2020.
The volume of investment in the office sector contracted compared to Q1 2017; it excludes investments involving buildings with mixed use which in the quarter attracted around 200 million euro.