Sweden Logistics Figures Q4 2023

March 12, 2024 3 Minute Read

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The leasing activity in the logistics segment has starting to regain activity, even so the average national vacancy rose to 4.5% (2.7% in Q3). A total of 538,000 sqm modern logistics space is estimated to have been completed in Sweden in Q4. The forecasted completions for Q1 2024 is estimated at 370,000 sqm. However, forecasted completion figures is becoming increasingly uncertain as developers may postpone development starts. Local availability differ due to a larger rate of speculative development in some submarkets reaching the market since the end of 2022 and continuing.