"Energy Price Shock Hits Industry and Logistics"

"Against the backdrop of the weak German economy and the associated crises in individual sectors, activity on the market for industrial and logistics properties was low in the third quarter."

"The investment market for logistics properties, production properties and business parks contracted significantly in 2023, due in particular to developments on the financial markets."

"With a transaction volume of just under 1.5 billion euros, the third quarter was the strongest this year on the investment market for logistics properties, industrial properties and business parks. "

"The investment market for logistics properties, production properties and business parks contracted significantly in the first half of 2023 compared to the same period last year."

"The two largest occupiers on the industrial space market – manufacturing companies and retail chains – are suffering particularly from the current economic environment of high inflation, rising energy costs, lower economic momentum and shrinking real purchasing power of private households."

"Despite increasing economic headwinds, the industrial space market remains characterised by scarcity and many investors want to continue to increase the logistics share in their portfolios."