With 3.2 million sqm signed in 2025, the decline is 4% compared to the previous year according to JLL’s annual logistics real estate report. But this represents an adjustment phase after record post-pandemic levels rather than a lasting market contraction, notes the global real estate advisory giant.
“While corporate decision-making processes have become more complex, generating longer cycles, the quality of finalized projects is excellent. Reference assets continue to benefit from strong attractiveness, with prime rental values progressing regularly,” notes Olivier Durif, Director of Industrial and Logistics Transactions at JLL. Demand remains driven by structural transformations: logistics flow modernization, e-commerce development, and increasing integration of environmental criteria.
