Colliers International’s latest research on the industrial property market in EMEA indicates that prime rents should remain relatively stable over the next 12 months, due to the thin development pipeline and the lack of quality new-built space. This is keeping prime rents steady, despite the uncertain economic outlook and soft demand levels. “It is the strategic locations in the emerging industrial markets of Central and Eastern Europe, the Baltics and Turkey where we could see some uplift in prime rents. We believe that hubs such as Prague, Warsaw, Bratislava, Istanbul and St Petersburg could experience an increase over the next year,” says Erik Barnekow, head of Industrial & Logistics, EMEA at Colliers International. In Prague, prime rents have increased by 4.7 percent y-o-y to €4.5/sqm/month.
