Logistics Sweden 2023

Stockholm, 25 May 2023 - The Swedish logistics market has showcased resilience amidst challenging market conditions, as highlighted in the recently released Logistics Sweden 2023 report. Despite the headwinds, the market demonstrated robust performance, with the industrial/logistics investment volume exceeding SEK 50 billion for the year, and new deliveries reaching an all-time high of over 1.3 million sqm. Notably, there was a significant reversal in the yield trend during the latter half of 2022, characterized by substantial decompression.

Ulf Brandes, International Partner, Cushman & Wakefield commented: As the industry steps into 2023, the investment market experienced a relatively subdued first quarter with approximately SEK 4 billion transacted within the industrial/logistics sector. Although investor activity declined, the developer activity remained strong, with nearly 1.5 million sqm of new projects scheduled for completion this year. Moreover, over 40% of the ongoing projects are being developed on a speculative basis. With a considerable increase in supply and indications of weakening demand, the issue of vacancy rates takes on heightened significance.

The Logistics Sweden report for 2023 offers an enhanced perspective on the Swedish logistics market. This comprehensive report provides a deep dive into the top logistics locations, coupled with a detailed examination of the development pipeline and its implications for future vacancy rates. Furthermore, the report addresses the potential risk of obsolescence associated with aging logistics assets and explores the latest sustainability trends through a thorough market analysis.

"We are delighted to present the Logistics Sweden 2023 report, which provides valuable insights into the current state of the Swedish logistics market," said Michal Toporowski, Senior Research Analyst at Cushman & Wakefield. "Our goal is to equip industry experts with the knowledge necessary to navigate the ever-evolving market and facilitate well-informed decisions."

The report's findings are based on an extensive analysis of market data from the end of the first quarter of 2023, offering an up-to-date overview of the industry. For those seeking more detailed information, Cushman & Wakefield encourages direct contact to address specific data-related queries.