According to report prepared by Cushman & Wakefield, in Q3 2014 sentiment was generally positive in Hungarian industrial market. A good amount of area was let in and around Budapest, and even though Q3 take-up fell short of the Q2 volume absorption was positive for the fourth consecutive quarter, and this continued to support vacancy rate declines. However, vacancy remains still high at 18,6% and the market needs to see a significant rebalancing of demand and supply before any rental growth can be achieved.
