We are delighted to bring you the latest in the exCEEding Borders series of reports by Colliers. In this edition, for the first time, we have taken a look at the Industrial and Logistics (I&L) markets and related trends, across 17 countries in the region. These are: Albania, Belarus, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine.
The I&L property sector has risen out of the shadows over the last few years to become one of the most dynamic and strategically important sectors in our economies and the commercial real estate sector, on a global basis. Similar to the development and contribution of each of the country’s economies, the industrial and logistics real estate markets are all at different stages of maturity, both in terms of size and the pace of development.
In this report, we look at how the I&L sector has developed in the geographically and macro-economically strategic region of Central & Eastern Europe (CEE). We will also touch on some of the trends facing the sector, both from a property point of view, as well as from occupier and consumer led standpoints. Together with our partners Randstad & CMS, we also provide valuable insight into important location selection decision-making criteria around labour markets, and tax and incentives that are available to investors. As we are covering the wider region, we have close to 100 pages of insights to share with you. We would not expect you to consume this all in one sitting - we hope this will be a useful tool longer term as you review the opportunities in this great region.
Last, but not least, you cannot ignore the elephant in the room that is COVID-19. This pandemic that we are still very much in, has only confirmed the strategic importance and need for the I&L sector in uncertain times, but has also highlighted some areas for reflection. We hope you find this report useful and, whether you are an investor, developer, occupier or other interested party in the I&L sector, we look forward to discussing further your outlook and plans.