The Dutch logistics real estate market is moving towards stabilisation after years of exceptional expansion. Savills Netherland’s Logistics Trend Report 2026 shows that logistics stock increased by 64.7% between 2016 and 2025, supported by rising import and export volumes and further supply‑chain centralisation. At the same time, the vacancy rate is set to rise to 6.3% by the end of Q1 2026, driven mainly by previously delivered schemes, while fundamental occupier demand remains in place despite market uncertainties.
Take‑up declined to 1.7 million sq m in 2025 as occupiers postponed decisions on expansion, relocation and consolidation. Underlying demand has not disappeared, but has become less visible due to longer decision‑making processes and a mismatch between demand and completed transactions, says the international real estate advisor.
Wouter van ’t Grunewold, Analyst Market Intelligence at Savills Netherlands, says: “Rental trends show increasing differentiation. While prime logistics locations in strategic corridors continue to perform relatively well, pressure is building on secondary locations. Occupiers are becoming more selective in their location choices as rising costs and evolving supply‑chain strategies influence decision‑making.”
Meanwhile, Savills notes that the development pipeline is contracting. With approximately 1.9 million sq m under construction, the vacancy rate is expected to stabilise over the medium term, in line with economic growth.
According to Savills, the Dutch logistics sector remains an attractive asset class for investors. In 2025, logistics made up 15.2% of total real estate investment volumes, reinforcing the sector’s position as a mature and stable segment. Prime net initial yields normalised from 3.15% in 2021 to 4.75% at the start of 2026, driven by higher capital costs and market‑wide repricing.
Savills report identifies a clear shift in investment flows. During the peak years 2020–2022, 57.1% of logistics investment activity took place in the Randstad, encompassing the four largest cities, Amsterdam, Rotterdam, The Hague, and Utrecht. However, between 2023–2025, 66.1% of investment volumes shifted towards regions such as Brabant and Gelderland. Now that pricing in the Randstad is normalising, Savills is observing renewed institutional interest in strategic gateway locations such as Schiphol, Amsterdam, and Rotterdam.
Niek Poppelaars, Head of Logistics & Industrial at Savills Netherlands, comments: “Investor appetite for high‑quality logistics assets remains strong, particularly in locations where accessibility, scale and modern specifications align. At the same time, investors remain highly focused on pricing and financing conditions.”
Read the first chapter here.
This publication represents the first chapter ahead of a comprehensive Logistics Trend Report to be released in June 2026 in the run‑up to PROVADA.