Cushman & Wakefield Report: Tight Supply, Rising Costs And Structural Uncertainty Set To Shift Power Back to Landlords Across Global Logistics Markets

Cushman & Wakefield Report: Tight Supply, Rising Costs And Structural Uncertainty Set To Shift Power Back to Landlords Across Global Logistics Markets

Tenant-favorable conditions will fall from 52% today to 33% by 2029

Global logistics rents 36% higher than in 2020 despite growth moderating in 2025

Globally, 54% of markets expect rental growth over the next three years

Cushman & Wakefield's (CWK) analysis of 135 global logistics markets in its Waypoint 2026 report indicates that the proportion experiencing tenant‑favorable conditions is expected to fall from 52% in 2026 to 33% by 2029 as vacancy tightens and supply remains constrained. This shift in the balance of power will see 39% of markets experiencing landlord-favorable conditions in 2029, up from 26% in 2026.