The combination of Q4’s 0.6%q/q fall in euro-zone GDP and the weakness of the latest activity data suggest that, in the short term, falls in region-wide logistics rents are more likely to accelerate than to ease off. And if we are right that the euro-zone economy will not begin to expand until mid-2014, a floor for logistics rents may not be found until 2015, or perhaps even later.
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