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Take-up on Budapest industrial property market falls 23% in H1

Take-up on Budapest's industrial property market fell 23% to 136,000sqm in the first half from the same period a year earlier, the Budapest Property Consultants Coordination Forum (BIEF) told MTI on Friday.
Take-up on Budapest's industrial property market rose 85% in Q2 from the previous quarter. There were 22 leases signed for a combined 88,370sqm of industrial property in the capital in Q2. Leases in logistics parks accounted for 97% of take-up.
Vacancy on Budapest's industrial property market climbed 38bp to 21.4% in the three months to the end of June. BIEF's members are CB Richard Ellis, Colliers International, Cushman and Wakefield, DTZ, Eston International, GVA Robertson and Jones Lang LaSalle.