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The industrial market is booming, with leading CEE regional industrial park operators and Hungarian developers participating in an increasingly active market. That has grown on the back of increasing logistics activity in the COVID-19 and post-pandemic environment and greater industrial space requirements needed to meet significant FDI demand, notably in the electric vehicle and EV-related industries. ....
Industrial and logistics developers are delivering ever more complex products in response to stricter ESG, EU Taxonomy and sustainability regulations. Further, a shift towards built-to-suit development gives greater scope to meet tenant specifications, beginning with consultations in the initial design phase and continuing throughout construction. ....
Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that enable a project to go ahead, the availability and cost of financing, the increasingly protracted planning and permitting process, rising construction, maintenance and utility costs, and, finally, the opportunity of an exit strategy with a sale onto an investor at an appropriate time in the business cycle of an asset. ....
With industrial and logistics demand remaining high and vacancy at record lows, the boom in the sector is continuing. Analysts say the Greater Budapest area is in a favorable position given the growing demand for logistics, e-commerce and light industrial space. ....
The Central European logistics and industrial markets have been thriving with regard to development and demand. However, total stock in the region is still low by European standards, according to analysts, meaning there is plenty of development potential. ....