According to CBRE’s ‘CEE Market Outlook’ 2016 is set to be a solid year on the back of an exceptional 2015 which saw records broken in almost every real estate sector. Growth will be a key theme in the region in 2016 as economic recovery happens at a quicker pace than in Western European countries.
Almost twenty million square metres of modern industrial leasehold are currently available in Central Europe. So strong is the interest on behalf of occupiers that the share of available space has dropped to a historical low of 5.7 per cent. To compare – the share of available office spaces is double that amount (12 per cent). The information comes from findings by Cushman & Wakefield, which has been monitoring the industrial property market in the Czech Republic, Poland, Hungary, Romania and Slovakia over an extended period.
Prologis, Inc., the global leader in industrial real estate, today announced full-year 2015 activity in Central and Eastern Europe (CEE).
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.
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