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