The industrial sector has returned to its growth trajectory, with overall industrial production during H1 up by 5.6% y-o-y. The rebound in exports from the automotive sector has pushed total export growth to the highest H1 figure since 2011.

During H1 2017 we registered a new completion volume of 432,100 sq m – more than doubling y-o-y. We expect a further 298,100 sq m to come to market in the remainder of the year.

Total vacant space amounts to 330,300 sq m, translating to a record-low 4% vacancy rate. As of Q2, most industrial hubs registered lower vacancy compared to year end.

Typical headline rents for standard BTS projects fall between EUR 3.60 – 4.00; newly delivered speculative projects are priced at EUR 3.60 – 3.80, whilst rents for vacated space range between EUR 3.20 – 3.60 (rent figures expressed / sq m / month).