The Budapest Research Forum (BRF, which comprises: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q3 2016 industrial market snapshot.
The sudden expansion of investments and production has led to significant developments in the Hungarian industrial real estate market. In Greater Budapest, the vacancy rate has sunk by 11 percentage points over the past two years due to strong tenant demand and a complete lack of new speculative developments, according to the latest research data from CBRE global real estate advisor. M0 Central Business Park is among the most successful logistics hubs in the Greater Budapest area.
Both the development and take-up of industrial parks in Central Europe is continuing and slightly accelerating in comparison with last year, according to research from Cushman & Wakefield. The appetite for investing in commercial properties is also increasing, with a shortage on the supply side making buyers willing to pay more.
CBRE announced that Bernadett Sallay joined the world's leading property advisor’s Hungarian team. Bernadett Sallay joined CBRE Hungary as a Senior Advisor for Industrial Properties. She comes from FM Logistic where she worked as key account manager.
The Budapest Research Forum (BRF) which comprises: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary now reports its Q4 2014 industrial market data.
Cushman & Wakefield (C&W), leading global commercial real estate adviser, promoted István Fazekas Head of Industrial Department to Associate, with effect from April 2014. István’s recent appointment to Associate is an acknowledgement of his accomplishments in the Hungarian Industrial Team. He has been leading a team of 3 since 2012 and has largely contributed to C&W’s success in the past years to become market leaders in this field as well.
International companies are increasingly looking to acquire industrial and logistics premises in Central Europe with the resulting rise in demand in the industrial sector. Despite these positive indicators, major regional industrial developers who have sites across CEE are following cautious development strategies, driven by built-to-suit projects with very limited speculative construction. This could result in a shortage of available industrial premises in the view of many analysts.
Joerg has coordinated the CEE Occupier Services business lines out of the Warsaw office for the last three years and has worked on transferring CBRE teams to an integrated platform. He will now focus solely on the expansion and relocation of large-scale industrial occupiers in the CEE.
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