According to Adorján Salamon, Managing Director of ESTON International, there is no cause for concern—even though the latest data from the Budapest Real Estate Consultants Forum (BIEF, BRF) shows that the vacancy rate in the industrial-logistics segment has risen above 10%, and the absorption rate has turned negative. While the sector has moved past the post-Covid boom, the current situation reflects a phase of consolidated waiting rather than a crisis: market balance remains, and rural regions are playing an increasingly important role.
According to Real Estate & Customer Experience Director of Prologis Hungary, labor is becoming increasingly expensive and difficult to obtain in the industrial and logistics area, so comfort services are becoming more and more valuable.
As we have previously reported, Prologis, a leading player in the logistics real estate market, has recently implemented organisational changes to increase efficiency and streamline workflows.
Zsuzsanna Hunyadi, Director of Leasing and Customer Experience at Prologis Hungary, says that the attention the industrial real estate sector has been getting lately is well deserved and deserved. We talked about why, rising prices and the opportunities in big boxes.
Máté Szoboszlay, Prologis’ capital deployment director in Hungary, sees the logistics sector as being affected by a number of conflicting influences which rather than cancelling each other out, must simply be lived with. Indeed, this year is turning into a particularly successful one, holding out promising prospects for the future. What stage has the Prologis Park Budapest -Sziget II project reached, why are people working at the park playing football at their workplace, and why can’t developers break away from the M0 motorway?
Zsuzsanna Hunyadi, Prologis Hungary’s leasing and customer experience manager, believes the logistics market has undergone explosive development over the last year and that, despite warehouses operating with almost 100% occupancy, forward-thinking logistics space providers must continually seek out the cornerstones of long-term success.
Mr. Máté Szoboszlay, Director of Capital Deployment at Prologis shares how customers today more than ever expect cost-effective, energy-efficient, green solutions and premium services. We talked about the way demand trends and organic growth are being driven by innovation.
Paweł Sapek, Prologis' senior vice president and regional head for Central Europe, is particularly optimistic about Hungary's role in the region's logistics market. A gradual transition to e-commerce will benefit the sector, but this is not the time for rest: tenant needs will change, while acquiring and retaining human resources is one of the most difficult tasks for customers. – He says. We also discussed about coronavirus, new services, and new opportunities opened up by diversification.
