Growth of Logistics Real Estate in France: Échos Études Report

The French logistics real estate market experienced conflicting trends in 2025, with reported momentum in specific regions despite a decline in overall investment volumes.

According to a report from BNP Paribas Real Estate published on February 20, 2026, total investments in logistics reached €3.1 billion in 2025. This figure represents a 20% decrease in investment compared to the totals recorded in 2024.

Data from Knight Frank indicates that €1.3 billion was invested in the logistics real estate market during the first half of 2025. The firm described this activity as relatively stable compared to the first half of 2024, although it noted that a limited number of large-scale portfolio transactions could constrain total annual volumes.

Foreign investors continue to dominate the French market, representing 65% of investment volumes in the first half of 2025, according to Knight Frank.

Regional and Market Dynamics

A study by Les Échos Études on logistics real estate in France highlighted the progression of the sector over recent years, specifically noting the dynamics within the Hauts-de-France region.

This follows a period of significant activity in 2024, during which logistics represented 32% of all commercial real estate investment, according to Colliers. Colliers attributed the return of investors to a shifting financial environment, specifically the European Central Bank cutting short-term interest rates and the stabilization of long-term interest rates.

On a broader continental scale, CBRE IM stated on November 18, 2025, that returns for European logistics are expected to continue outperforming the wider European real estate markets. The firm noted that development in this sector offers compelling value.

These developments occur against a backdrop of varied growth rates. A May 11, 2023, report from LVMT had previously noted very slow growth or a decline in the French market, while a 2017 Cushman&Wakefield report had predicted an increase in real estate values.