Modern industrial stock on the Hungarian market has reached 7.7 million sqm, according to the latest CBRE report. Just 34 percent of the total is considered to be developer-led projects while the remaining stock is made up of built-to-own (BTO) schemes. Developer-led construction activity, however, is on the rise throughout the country, according to the CBRE report. In 2015, developer-led projects accounted for 10 percent of total new completions. CBRE Hungary expects this number will increase to 45 percent this year. In the first half of 2016, 162,500 sqm of new space was delivered. The total volume for this year is expected to hit 289,100 sqm, down 28 percent y-o-y.
