At a glance
- Logistics property and industrial premises remain scarce around transport hubs and major cities.
- Offices without energy label C are becoming noticeably harder to let.
- Incentives remain common in office lettings, but less so in logistics.
Offices: a two-speed market
Properties within walking distance of an intercity station with energy label A or B let relatively quickly, often with limited incentives. Outdated offices in car-dependent locations remain vacant for longer and are increasingly being converted into housing or small-scale business premises.
Industrial premises and logistics
- Small industrial units remain scarce in and around major cities.
- Large distribution centres are constrained by grid congestion and available electrical capacity on business parks.
- For new-build premises, always request details of the grid connection and available electrical capacity before signing a lease.
Retail property
Prime locations in major cities remain sought after, while secondary shopping streets face longer vacancies. Landlords in secondary locations more often offer flexible lease terms and turnover-based rent arrangements to retain tenants.
What owners are doing now
Owners who improve sustainability before a lease term ends maintain their rental levels; those who wait negotiate from a weaker position. Ask a commercial real estate agent to calculate the scenarios: continuing to let, selling to an owner-occupier, or investing first and then reletting.
Indicative yields remain under pressure
Higher financing costs mean gross initial yields in many segments are higher than two years ago. Yield pressure is more limited for good-quality, marketable properties with a long unexpired lease term than for outdated properties or those let on short leases.
Frequently asked questions
Is this a good time to sell my commercial property?
Demand from investors and owner-occupiers is generally stable for marketable, well-let properties with a long unexpired lease term. For outdated property, it is often worth investing or changing its use first.
How up to date are these figures?
The figures are indicative, with a reference date in the third quarter of 2026, and are revised periodically based on market developments.