Experience, i.e., the knowledge or skills acquired during a period of time, should benefit commercial real estate fund managers and investors. This as experience suggests not only greater knowledge and skills but also implies a wider network of brokers and participants for example, thus helping them in selecting and negotiating more attractive commercial real estate deals. This study addresses whether the experience influences asset pricing across a range of different size urban functional area cores. We focus on logistics as the evolution of global supply chains, alongside global trade and the rise of online commerce triggered a strong demand for logistics space, ranging from e-fulfilment centers, pan-European distribution centers, and national distribution centers to urban distribution centers. Using transaction based data over the 2003-2018 period from Real Capital Analytics, we define several measurements to investigate the experience of fund managers and investors.