The Swedish logistics market continues to demonstrate growth and resilience in Q3 2024, despite broader economic challenges.
The Swedish economy, while still in a mild recession, is improving due to rate cuts by the Riksbank and declining inflation. Strong performance in the manufacturing sector, along with rising economic optimism, indicates further growth in the coming year.
The logistics sector currently encompasses 15.2 million square meters of stock, with 3.8 million square meters added between 2022 and 2024, leading to a rise of the overall logistics vacancies. Demand for modern logistics space remains robust, though speculative development is expected to slow as the market adapts to changing economic conditions.
Investor sentiment has improved, as indicated by a 24% increase in transaction volume compared to the previous year, along with stable yields. Rental growth is anticipated with increased tenant activity, despite some temporary oversupply in certain regions.
Looking ahead to 2025, Croisette forecasts continued demand for grade A logistics properties and a positive investment outlook, reflecting ongoing confidence in Sweden’s logistics infrastructure.
