-CBRE’s European Logistics Leasing Market Snapshot shows a supportive occupier market in 1Q 2020, despite the early effects of COVID-19

-The average vacancy rate in the ten core European markets was unchanged at c.4% in 1Q 2020

-Although take-up was 19% lower YoY in the quarter, completions fell 21% and net absorption was down just 4%

-Average prime rents continued to rise in the quarter, with a 2.1% YoY increase

-The largest prime rent increases were in Budapest (4.8%), Brussels (4%), Rotterdam (3.8%) and Paris (3.1%)