This report reflects market conditions as of Q1 2025. While the broader real estate sector experienced increased activity compared to the preceding year, the Swedish logistics market continued to face some headwinds in 2024. Investment in the industrial and logistics (I&L) segment reached SEK 22 billion, about 17% of the total investment volume. Logistics completions hit a record 1.4 million sq m, up 23% Y/Y. Rents rose slightly in Gothenburg and regional cities but remained stable in Stockholm and Öresund. Yields were largely unchanged on a national level, despite some fluctuations in Öresund and regional markets.
As of Q1 2025, the investment market has improved. The I&L sector saw SEK 6.7 billion in Q1 transactions, with investor interest rising. Development is slowing, with just 430,000 sq m expected by year-end. However, speculative projects still make up 28% of the pipeline for 2025, contributing to a continued increase in vacancy rates. Although speculative development poses a risk of elevated vacancy rates, tenant demand continues to favor modern facilities.
The 2025 edition of the Logistics Sweden report provides a comprehensive update on the Swedish logistics market, as well as an analysis of key hubs, pipeline data, and a breakdown of vacancy trends by building type and region.
The insights included in this report aim to explore the market as of the end of the first quarter of 2025. If you require more detailed data, please do not hesitate to contact us.
