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Industrial Market Snapshot Q1 2023
We expect stronger demand for industrial/ logistics properties than for other types of real estate, but also anticipate increasing vacancy due to expected significant new deliveries. There is a growing focus on green warehouses, driven by increasing investor and tenant demand for long-term sustainable operations and energy-efficient functioning. Developments are supported by the expected strengthening of EUR/HUF exchange rate and a moderation in general construction industry demand, which may slow the growth rate of construction costs that was prevalent in previous years.
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KATA MAZSAROFF Managing Director, Hungary
Kata.Mazsaroff@colliers.com
Tamas.Beck@colliers.com
Kristof.Toth@colliers.com
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