Tag Archives: ipari ingatlanpiaci jelentés

Industrial property market report Q2 2017

ESTON International hereby reports The Budapest Research Forum’s Q2 2017 industrial market snapshot.

In the second quarter of 2017, two buildings were added to the industrial stock with a total size of 20,380 sq m. A new 8,790 sq m warehouse was delivered at BILK Logistics Park, whilst the BRF included M7 Dunaharaszti – an existing 11,590 sq m warehouse to the Greater Budapest industrial stock.

The total modern industrial stock in Budapest, and its surroundings, stands at 1,953,790 sq m as of the end of Q2 2017.

Total demand amounted to 212,750 sq m in Q2 2017, which is the highest quarterly volume on record. Renewals accounted for 75% of the total take-up, while the share of new lease agreements amounted to 19% of the total take-up. Two pre-leases were signed during the quarter, totalling 10,980 sq m and represented 5% of the total take-up, whilst the remaining 1% was generated by expansions.

Please download the whole report here:

Market report 2016 – Industrial and Logistic Properties

Developments launch

71 thousand square meters of new industrial/logistics premises were handed over in 2016; this amount exceeds the sum of all new deliveries from the previous five years. As vacant spaces ran out the intensifying of construction activity is foreseen; however, annual volume of new supply is not expected to return to the formerly usual levels of 150-200 thousand square meters.

Several pre-let and BTS halls are expected to come to the market in 2018; majority of these are located in the southern sector of the M0 ring road.

Developers’ interest is rising in launching new (partially) speculative projects. New developments are primarily realized in the southern-Budapest agglomeration.

ind