New contracts accounted for just 17% of take-up, while extensions made up 54%.

The vacancy rate on the market stood at 3.5%, down 0.5 of a percentage point from the previous quarter but 0.2 of a percentage point higher than in the same period a year earlier.

There was 2.567 million sqm of modern industrial and logistics space in Budapest at the end of the quarter.

Two new properties with a combined area of 14,200 sqm, East Gate Business Park Fót and Login Business Park Dunakeszi, were handed over during the period.

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