Logistics remains the driving force
Logistics real estate continues to dominate, with 425,000 m² (57%) taken up compared to around 328,000 m² (43%) of industrial space. Major transactions reflect confidence in the market. For example, Karl Rapp signed a lease for approximately 41,000 m² with Citylink in Rotterdam, while Brouwers Logistics occupied 36,500 m² in Drunen. Dorel Juvenile extended their lease on 30,000 m² and added a further 10,000 m².
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| Heatmap take-up Q1, 2025 Bron: Cushman & Wakefield |
Take-up of industrial space by segment, 2015–2025 Bron: Cushman & Wakefield |
Diverging trends between prime and secondary locations
Trends seen in 2024 have continued: high rents and limited availability in logistics hotspots contrast with rising vacancy levels in secondary markets. Prime locations remain under pressure, resulting in continued rent increases that more or less keep pace with inflation. Meanwhile, less sought-after locations are seeing longer vacancy periods, prompting landlords to offer more generous incentives, including rent discounts.
Sander van Tuijl, Head of Leasing Cushman & Wakefield Netherlands: “Prime locations remain popular, but are often expensive and hard to come by. At the same time, we're seeing growing opportunities in secondary locations. Rents are lower there, and with the right investments in quality and sustainability, they can become highly attractive alternatives. For companies seeking more space at lower costs, such a shift is becoming increasingly realistic. Ultimately, this could lead to a more balanced market.”
Additional fundamentals gaining importance
The Netherlands has traditionally offered excellent conditions for logistics and industrial users, including favorable location, infrastructure, workforce availability, and sustainability. However, new challenges are emerging around power and water connections, as well as nitrogen regulations. These additional 'fundamentals' are increasingly influencing location choices, both for businesses seeking new premises and for investors who must account for market risks and uncertainties.
With a combination of positive sentiment, strategic decision-making, and a growing emphasis on sustainability, the industrial real estate market in 2025 appears poised for further growth - especially for parties that operate flexibly and purposefully within changing market dynamics, where complementary fundamentals are becoming ever more critical.