Occupancy costs of industrial spaces in Bucharest and Prague will see the smallest growth in the next four years, real estate consultancy company DTZ said.
AT the opposite end, the biggest cost rise is expected in Dublin, reflecting high demand from logistics operators wishing to expand to the Irish market.
The study estimates absolute costs (occupancy costs plus salaries of workforce in logistical centers) will see the lowest growth in 2014-2018 Bucharest, Prague and Antwerp. Cost rises are seen below 1% each year in the forecast period, or less than 5% nu 2018.
The current occupancy cost for logistics space in Bucharest stands at around $75 a year, more than in Milan, Brussels, Antwerp or Marseille, but among the lowest in Central and Eastern Europe, where Budapest, Prague and Warsaw are closer to the maximum cost registered in London.
In Europe, the average occupancy cost is $120 a year, 20% higher than in the United States ($100/year) and 30% higher than in the Asia Pacific region ($92/year).
Worldwide, London Heathrow remains the most expensive market, followed by Hong Kong, Zurich, Singapore and Oslo, the same as last year.