108 Real Estate Hungary dominates industrial leasing market in Q2 2024

108 Real Estate has reinforced its leadership position in the industrial leasing sector during the second quarter of 2024. As a prominent player in the commercial real estate consultancy field, the agency’s growth trajectory, which began last year, has continued to gain momentum.

In the second quarter, 108 Real Estate was instrumental in nearly 105,000 square meters of industrial leasing transactions, commanding 56% of the market in Budapest and its surrounding regions. This performance has solidified the agency’s status as a key force in the industrial real estate sector.

The firm has been pivotal in securing new leases and renewing existing contracts, reflecting its broad influence and reputation in the market. Its efforts include successfully negotiating a significant lease for 100,000 square meters on behalf of CTP Hungary, across various CTParks. This not only underscores 108 Real Estate’s market expertise but also highlights the ongoing strong demand for prime industrial spaces and sophisticated solutions.

István Fazekas, Managing Partner at 108 Real Estate, commented, “The market is characterized by robust demand and active leasing. Our team’s expertise and continual monitoring of market trends are highly valued by our clients, and we are grateful for their continued trust and collaboration.”

The Hungarian industrial logistics market has experienced notable activity, driven by a diverse range of project types and investments. The automotive sector continues to play a leading role, with numerous new leasing transactions emerging from logistics and manufacturing needs. Hungary remains an attractive destination for foreign capital, further fueling the demand for industrial properties.