With the increase in online retail, additionally spiked by to the coronavirus (COVID-19) outbreak, logistic real estate sector is expected to be in high demand while development might suffer delays. The United Kingdom (UK), followed by Finland, is among the countries with the longest average lease length of logistic facilities such as warehouses in Europe. In the UK, the lease for new purpose built logistic facilities has an average duration of 13 years.
Average lease length for new purpose built logistic facilities in selected European countries in 2019
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Lease length in years
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Savills. (March 27, 2020). Average lease length for new purpose built logistic facilities in selected European countries in 2019 (in years) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/
Savills. "Average lease length for new purpose built logistic facilities in selected European countries in 2019 (in years)." Chart. March 27, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/
Savills. (2020). Average lease length for new purpose built logistic facilities in selected European countries in 2019 (in years). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/
Savills. "Average Lease Length for New Purpose Built Logistic Facilities in Selected European Countries in 2019 (in Years)." Statista, Statista Inc., 27 Mar 2020, https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/
Savills, Average lease length for new purpose built logistic facilities in selected European countries in 2019 (in years) Statista, https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/ (last visited July 22, 2024)
Average lease length for new purpose built logistic facilities in selected European countries in 2019 (in years) [Graph], Savills, March 27, 2020. [Online]. Available: https://www.statista.com/statistics/795479/logistic-facilities-warehouses-europe-lease-length/