Industrial and logistics real estate market in CEE region – summary of the 1st half of 2022.
Very interesting report by CBRE that focuses on the economic and real estate markets in Central Eastern Europe after 1H2022. Below please find our summary on the Industrial & Logistics sector.
✅ 50 million sq m – the total stock of modern industrial and logistics space across the whole CEE region.
✅ 52% of the stock is located in Poland, 20% in Czechia, 12% in Romania, 9% in Hungary and 7% in Slovakia.
✅ 6 million sq m – space being under construction in CEE region (most is already pre-leased).
✅ 3.2% – is the average vacancy rate. The rate varies depening on the location from 0.5% in the Prague area, 2-3% in Poland, Slovakia and Romania, up to 6.4% in the Budapest area.
✅ EUR 5 / m / month – average headline prime rents in logistic parks.
Source: CBRE