Vacancy on the Budapest industrial market declined 2.2 percentage points q-o-q, reaching a record low of 5.9 percent at the end of Q1 2017, according to the Budapest Research Forum. Four projects were handed over between January and March 2017, increasing new supply by 40,230 sqm, including Budapest Dock Szabadkikötő Phase II and III and two buildings at Prologis Park Budapest-Sziget. A total of 25 industrial transactions were registered in the first quarter. The average deal size was 2,864 sqm which is in line with the average level of the previous five quarters.
