According to the latest Cushman & Wakefield warehouse report, the Hungarian industrial market had a good finish to the year – leasing activity in Budapest soared to a two year high in Q4 and subsequently availability fell below the 300,000 sqm mark for the first time since 2010. However, in spite of this improvement, and the drop in vacancy from 18.6% to 15.6%, it is still above the European average and as such development activity remains muted as landlords continue to compete for tenants. Prime rents have therefore remained unchanged. More details in the attachment.
