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Development activity in Europe’s main logistics markets has been on an upward trajectory over the last few quarters with development activity at its highest level since activity plummeted in 2008. However, research by Jones Lang LaSalle (JLL) has revealed that whilst the headline numbers have been rising, the composition of current development is very different to that of the previous cycle.
“Low completion volumes in combination with robust demand over the past three years have reduced readily available modern space to its lowest level over the last decade.” Marsden added.
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