Current market data shows that investors continue to focus primarily on high-quality (“core”) logistics assets in strong locations, which maintain solid liquidity and stable yields. In contrast, transactions involving secondary or higher-risk assets remain limited, contributing to overall price stability in the prime segment.

Strong demand for modern warehouse space

Despite a slight slowdown in investment activity, demand for modern logistics space remains robust. Key drivers include the long-term growth of e-commerce, ongoing supply chain restructuring, and continued pressure to improve operational efficiency.

Across many European markets, vacancy rates for high-quality warehouses remain low, supporting stable to slightly increasing rental levels. A significant share of new developments is also pre-leased before completion, further limiting downward pressure on prices.

Investors remain selective

Investment activity in industrial real estate in 2026 is characterized by increased caution. Investors are placing greater emphasis on asset quality, energy efficiency, location, and long-term lease agreements.

While total transaction volumes may fluctuate year-on-year in some regions, demand for prime logistics assets remains strong. This is widening the gap between prime and secondary properties.

Stable rents in the logistics sector

Despite weaker investment volumes, rental levels in logistics remain stable. In key European logistics hubs, prime rents continue to hold high levels, reflecting structural undersupply of modern space and sustained tenant demand.

The market continues to reflect a “flight to quality” trend, with tenants and investors preferring modern, energy-efficient buildings with strong transport connectivity and readiness for automation.

Outlook: stability with a focus on quality

The logistics and industrial real estate sector is expected to remain stable in 2026, but increasingly polarized based on asset quality. Prime warehouses will continue to benefit from limited supply and strong demand, while older and less efficient properties may face greater pressure on pricing and occupancy.

Overall, the sector continues to demonstrate its position as one of the most resilient segments of commercial real estate, where pricing and demand remain strongly linked to quality and location.

Source: Systemylogistiky.cz