The key questions answered in this report, are:

• How do occupiers view the current economic climate and its effect on their businesses?

• What do occupiers identify as the key challenges on both the long- as well as the short term?

• What are occupiers’ attitudes towards their current and expected use of warehouse space?

• To what extent are ESG factors impacting occupier’s real estate decisions?

Key findings:

1. The Savills Panattoni Netherlands Logistics Confidence Index for 2023 has been set at 57.4. This reflects a cautious measure of confidence, or optimism, in the outlook for the year ahead. At 60.8, manufacturers and retailers expressed a higher level of confidence than logistics companies (54.4).
2. Occupiers are still relatively confident overall, with the majority (52%) expecting an increase in profits in the next 12 months. Views on business conditions in the next year differ between LSP's and retailers/manufacturers, with 48% of LSP's expecting somewhat worsening conditions vs. just 8% in the latter category.
3. The recent economic downturn has little effect on total occupier demand. Of all occupiers surveyed, 60% indicated that they expect an increase in demand for additional warehouse space in the coming 12 months. 0% expects needing to downsize their total warehouse space.
4. Labour shortages have been pointed out the most (49%) as a condition having a significantly negative impact on their companies performance. 38% expects needing to enhance pay & conditions in order to address this shortage.
5. There is a clear willingness to pay a rental premium over the regular market rent, with 88% indicating they are willing to pay a rental premium for a green certified facility. 59% is willing to pay a rental premium of 5% or higher.
6. Considerable less demand for leasing warehouse space directly from landlords from retailers / manufacturers compared to logistics service providers, with 38% indicating probably using existing space from a 3PL.