A year of stable weakness

The characteristic feature of central european warehouse markets at the moment is the high vacancy rate, explains entral Europe   Republic and Slovakia, is doing relatively quite well. In thesouth, where Romania, Bulgaria and Hungary as well as Ukraine are located, theinfluence of thecrisis on all sectors is very strong. This is reflected in such data as theGDP of these countries. One cannot expect this tochange significantly within thenext 12 months.The data for theRomanian industrial real estate market show that there has been an80pct drop in demand on thewarehouse market; and asimilar decrease has occurred in Hungary. In Poland thefall is “only” 50pct, comparable totheCzech              Republic      region and its developed industry –both on thePolish and theCzech side of theborder –that are pulling themarket. An additional advantage enjoyed bythese countries and Slovakia is their central location in Europe, combined with theweakening of