Prologis: strong demand stays on the logistics real estate market

Strong tenant demand remains on the domestic logistics real estate market, and because the current stock is saturated, new developments are expected this year – Kemenes László, managing director of Prologis in Hungary said on Tuesday in Budapest at a press conference.

The logistics real estate portfolio has doubled in the last ten years in Hungary to 1.9 million square meters. Last year, the vacancy rate was 7.6 percent, the annual rent was 37.2 euros per square meter, 38 percent more than the nadir. Due to the high demand, rents in Hungary are continuously rising – Kemenes László added. (MTI)