Budapest industrial vacancy falls to record low 5.9%

Budapest industrial vacancy falls to record low 5.9%

Published at: 2017-04-20 11:55 | Author: CIJEurope.com
Vacancy on the Budapest industrial market declined 2.2 percentage points q-o-q, reaching a record low of 5.9 percent at the end of Q1 2017, according to the Budapest Research Forum. Four projects were handed over between January and March 2017, increasing new supply by 40,230 sqm, including Budapest Dock Szabadkikötő Phase II and III and two buildings at Prologis Park Budapest-Sziget. A total of 25 industrial transactions were registered in the first quarter. The average deal size was 2,864 sqm which is in line with the average level of the previous five quarters.

Similar Stories:

CTP expanding Hungarian portfolio
CTP, the industrial and business park developer, has made two land purchases in strategic  »
CBRE adds 200,000 sqm to Hungarian portfolio
CBRE’s Hungarian commercial management portfolio expanded by nearly 200,000 sqm in the f  »
Rijeka port to undergo €35.5m development project
Two new developments are in the works for the Croatian port city of Rijeka. Port operator  »
108 Agency to run electronic auction for Prologis space outside Prague
Real estate consultancy company 108 AGENCY, the leader of the Czech industrial market, lau  »
What would a successful year be for Panattoni Europe in the Czech Republic? For us, we   »
Romania’s logistics sector is expanding hand in hand with growing consumption and purcha   »
Less Mess Storage opened its fourth Warsaw self storage facility (called ‘stores’, in   »
Having developed 2.71 million square meters of space between 2014 and 2016, Panattoni Euro   »