Vacancy rate in Budapest industrial property market falls to 10.6%

Industrial

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The vacancy rate on Budapestʼs industrial and logistics property market fell to 10.6% in the fourth quarter of 2015, down 5 percentage points from twelve months earlier, the Budapest Property Consultants Coordination Forum (BIEF) said on Friday.

The vacancy rate reached its lowest level since 2007.

There were 1,881,650 sqm of industrial and logistics space in the capital at the end of the period.

Take-up in the fourth quarter was 81,190 sqm, around 30% higher than in the third quarter.

BIEFʼs members are CB Richard Ellis, Colliers International, Cushman and Wakefield, DTZ, Eston International, Robertson Hungary and Jones Lang LaSalle.

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