JLL: Industrial vacancy rate decreases further

Deals

The vacancy rate of the Budapest industrial market has decreased by 6.8% as compared to first quarter last year, reaching 14.5% in Q1 2015 and continuing a six-quarter trend, according to a JLL press release issued today.

Despite a drop in take-up volume from the last quarter of 2014, the first quarter of 2015 has shown a 55% improvement compared to the first quarter of the previous year.

“The Budapest industrial market has shown an unprecedented improvement during the last year. This has obviously been recognized by foreign investors as well and garnered increasing interest towards industrial assets. Due to the favorable market environment, demand for development sites may gather momentum and new entrants may appear on the market,” said Rita Tuza, Head of Research at JLL Budapest.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Wizz Air's 1st Debrecen-Istanbul Flight Takes Off Transport

Wizz Air's 1st Debrecen-Istanbul Flight Takes Off

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.