Waypoint: Global Industrial Dynamics 2025

1Y Industrial Rental Growth* at Q4 2024

30%

25%

Americas APAC EMEA

20%

15%

10%

5%

0%

-5%

-10%

-15%

-20%

-25%

Thailand Italy

India

Chile

Portugal Spain

Greater China Argentina Brazil

Japan

Latvia

Serbia

Australia Ireland

Turkey

France

Poland

Mexico

Greece

Austria

Lithuania Nigeria

Croatia

Finland

Singapore Estonia

Canada

Norway

Sweden

Belgium

Bulgaria

Slovakia

US - South Vietnam

Slovenia

Hungary

Romania

Denmark

Germany

Indonesia

US - West

Costa Rica

Philippines

Macedonia

Switzerland

Netherlands

South Korea

South Africa

US - Midwest

US - Northeast

Czech Republic

United Kingdom

United Arab Emirates

Source: Cushman & Wakefield Research * Growth rates for each region are based the average of the representative sample included in this analysis

In 2024, more markets experienced rental stabilisation or moved into negative rental growth territory . Globally, 18% of markets posted rental declines, while 19% recorded flat rents. Although over 60% of markets still experienced rent increases, nearly two-thirds of these recorded slower growth compared to prior years, reflecting broader market trends. Since 2022 few markets saw growth accelerate, and those that did were typically smaller or emerging markets where growth began later.

Waypoint: Global Industrial Dynamics 17