Demand on the Budapest industrial property market totaled 212,750 sqm in Q2, which is the highest quarterly volume on record, according to the Budapest Research Forum. Renewals accounted for 75 percent of the total take-up, while the share of new lease agreements made up 19 percent. Two pre-leases were signed during the quarter, totaling 10,980 sqm and representing 5 percent whereas the remaining 1 percent was generated by expansions. There were 24 industrial transactions reported in the second quarter, five of which were lease agreements totaling more than 10,000 sqm, according to the Budapest Research Forum.
