Food industry companies and the automotive industry provide the basis for market growth in the CEE-12 region

By: Trademagazin Date: 2023. 07. 10. 13:24

In the CEE-12 region, the total stock of industrial and logistics real estate exceeded 65 million square meters by the end of 2022, which is 30 percent higher than the stock of 50 million square meters at the end of 2021. Of this, 25 million square meters are connected to the markets of the 12 capital cities and their surroundings. Poland continues to maintain its leading position in the region, and according to sectors, the automotive industry and food industry companies form the basis of market growth – it is clear from the annual market report of the international real estate consultant Colliers delivered to MTI.

Colliers’ “ExCEEding Borders” study examined the development of the industrial and logistics real estate market in 12 countries of the region, which include Albania, Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia and Slovakia.

It was highlighted: after the pandemic and the accompanying global supply chain problems, in 2022, the war and rising energy, labor and material prices caused problems in the region. By the end of last year, prices began to stabilize and in some cases approached the levels close to January 2022, they wrote.

At the end of 2022, the industrial and logistics real estate stock in Poland was the highest in the region, reaching 28 million square meters, followed by the Czech Republic with 11 million square meters and Romania with 6.3 million square meters. Of the 12 countries examined, the Hungarian market is the fifth largest, with 4.6 million square meters, of which Budapest and the agglomeration accounted for close to 80 percent.