According to very interesting report by Knight Frank “Europe’s last mile” Europe needs additional 3.5 million sqm of last-mile warehouse space in order to keep pace with the e-commerce growth. Please find my summary and key highlights of this report:

48% is the forecasted increase of online retail sales over the next 5 years across the top seven e-commerce markets of mainland Europe ( France, Germany, Italy, Spain, Netherlands, Sweden and Poland).

Last-mile accounts for 20-25% of online distribution space.

Each €1 billion in e-commerce sales requires 24,000 sqm of urban logistics space.

15.6% is the current online penetration rate in the top 7 e-commerce markets of mainland Europe. It is expected to reach 19.3% by 2026.

€293 billion online retail sales totalled in 2021 and is expected to increase by €142 billion and reach €434 billion in 2026.

3.5 million sqm is required by 2026 in additional last-mile space ( Germany – 1.37million sqm, France – 639,000 sqm, Poland – 536,000 sqm and Spain – 378,000 sqm).

Poland and Spain are expected to be the fastest growing economies over the next five years, this is leading to higher levels of consumer spending and retail sales growth.

 

Source: Knight Frank