The industrial and logistics sector in CEE-6 regions attracted on average 27% (€14 billion) of the last five-year investment volume on a rolling basis in the region. The total commercial real estate investment sector hovers on average around €10 billion each year, according to Colliers.
The situation was different last year, when industrial investments amounted only to €1.5 billion, below the five-year average. The market decline was generated by large developers that hold projects for the long term, thus limiting the available volume for trading.
“In recent years, the industrial sector has become crucial for economic growth in CEE, including the Baltic countries and the Balkans. This growth is fueled by increasing demand for modern logistics facilities, strategic geographical positioning, and strong economic fundamentals,” says Victor Cosconel, Head of Office & Industrial Agencies at Colliers.
Colliers data further shows that CEE-6 market records 60 million sqm of industrial spaces, with another 4 million sqm under development at the end of 2023.
Going forward, the industrial sector will see increasing demand due to the nearshoring trend and the diversification of supply chains in the region.
