Development bottoming out
In the segment of logistics and industrial properties only the fourth quarter of 2015 brought new completions; as such, the development volume dropped compering to an already low base. Similarly to the previous years no new speculative developments are expected.
As known, logistics property development output dropped below 60 thousand square meters in 2010 when speculative schemes vanished from the market due to the crisis. Due to an improving economic situation, increasing consumption and retail trade the rate of stock expansion is expected to grow in 2016; however, total stock is not forecasted to surpass 2 million square meters.
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