There is continued above-trend growth in the take up of European warehouses, but the pace of expansion is likely to moderate, according to JLL’s Supply Chain Activity Index.
The index increased to 131.5 in Q1 2017, a rise of 0.7 per cent over the quarter. The research showed that although it was down from 1.3 per cent in Q4, growth continued above the long-term trend.
According to JLL, the highly-positive EU economic sentiment was a key contributor to the Index’s Q1 growth.
The Index also found that over the nine months to September 2017 could rise by 8 per cent year-on-year, with the next two quarters averaging around 4.8 million sq m.