The modern industrial and logistics real estate stock in Hungary amounted to 5.84 million square meters at the end of the second quarter this year, with deliveries in the capital and the countryside increasing the stock by a total of 91,320 square meters, the Budapest Research Forum (BRF) told MTI on Wednesday.
Between April and June this year, the vacancy rate in the Budapest agglomeration rose to 13.4% from 10.6% in the previous quarter.
The vacancy rate for the regional speculative stock was measured at 10.8%. As a result, the national vacancy rate stood at 12.5% in the second quarter of this year.
It was highlighted that total tenant demand in the capital and its surroundings amounted to 201,680 square meters in the second quarter, which is a 7% increase compared to the same period last year. Net demand excluding contract extensions was 120,460 square meters.
In the second quarter of this year, new contracts accounted for 26% of total demand in the Budapest and surrounding area market, while contract extensions accounted for 40%.
Expansions represented 20% of the total volume, while pre-lease contracts accounted for 14%.
According to the announcement, the largest transaction in the second quarter was a 39,240 square meter contract extension at Prologis Park Sziget, while the largest regional transaction was a 28,160 square meter contract extension at one of CTP Tatabánya's warehouse buildings.
The Budapest Research Forum (BRF) comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary.












