Budapestʼs vacancy rate for industrial property market falls to 14.5%
The vacancy rate on Budapestʼs industrial property market fell 6.7 percentage points to 14.5% in the first quarter of 2015 from the same period a year earlier, the Budapest Property Forum (BPF) said yesterday.
Take-up in the first quarter was 105,860 sqm, down 20% from the previous quarter, but 40% higher than the average quarterly activity of the past five years, they added. Contract renewals accounted for 33% of the total.
There are 1,885,000 sqm of modern industrial property on the market in Budapest. BPFʼs members are CB Richard Ellis, Colliers International, Cushman and Wakefield, DTZ, Eston International, Robertson Hungary and Jones Lang LaSalle.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
