Logistic property: Europe remains the world’s most expensive market

DTZ study ‘Global Occupancy Costs – Logistics 2014’: Global occupancy costs for logistics space grow at a rate below the inflation rate

In its study ‚Global Occupancy Costs – Logistics 2014’ the property service provider DTZ has analysed the development of costs for logistics space on a global level. The result of the study is a forecast of an average annual uplift of 1.9 per cent in global occupancy costs to 2018. This figure is clearly below the expected global inflation rate of 2.8 per cent.

According to the study, European occupiers will benefit from below-average cost increases of 1.7 per cent annually to 2018. Notwithstanding Europe is forecast to remain the most expensive market globally. Average European occupancy costs are currently 20 per cent higher than in North America and 30% higher than Asia Pacific. Six of the global top ten least affordable markets are European, with London top-ranked.

Outside Europe cost increases will be stronger. Lessors in the US are slowly gaining the upper hand against the background of an increasing demand for warehouse space. This will also be reflected in annual cost increases of some more than 2 per cent, slightly surpassing the US-American inflation rate. Asia Pacific is set to see the strongest growth.

In addition to the information about global occupancy costs, the DTZ study also contains an analysis on labour costs in the logistics industry. It shows that logistics enterprises in China and India benefit from low labour costs for warehouse operatives, while wages in Norway and Germany are the highest in this sector. Asia Pacific has seen the strongest rise in labour costs since 2009, at an average annual increase of 11%, as opposed to Europe and the US (1.4 Per cent and 1.9 per cent per annum respectively).

www.dtz.com

Quelle: LogEastics
Portal: www.logistik-express.com