Industrial take-up in Budapest up 64% in Q4 2016

19 January 2017

A total of 133,460 sqm were leased on the Budapest industrial market in the last three months of 2016, up 64 percent y-o-y, according to the Budapest Research Forum. Between October and December, three projects were handed over, increasing new supply by 32,500 sqm, including Goodman Gyál Logistics Centre’s new building (21,700 sqm), Airport City G (7,400 sqm) and the extension of Bunzl Warehouse in Biatorbágy (3,400 sqm). The largest pre-lease was signed at Inpark Páty on 23,400 sqm, followed by a lease on 13,730 sqm at Prologis Park Budapest-Sziget.

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