According to Colliers International Midyear 2008 Global Industrial report, London's Heathrow submarket is the most expensive warehouse space in the world. The research also found that industrial markets around the world are beginning to feel the effects of the global slowdown.
The report found that European warehouse markets continued to show steady growth, albeit down from 2007 levels. Spain, The Netherlands, Austria, Belgium, Sweden, Denmark and the UK are all anticipating higher yields (lower prices) in the coming months. For the rest of the EMEA region, however, solid fundamentals are expected to leave yields steady and in some cases possibly decline. Europe is also home to some of the most expensive warehouse rents in the world with London's Heathrow submarket holding the title for the most expensive warehouse space in the world at $26.92 per ft