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Budapest : High renewal share - H1 2014

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A research produced by DTZ

Budapest : High renewal share - H1 2014

Developers are reluctant to launch any projects on a speculative basis without a larger pre-let or BTS agreement, therefore only one industrial scheme, comprising 11,100 sq m, was completed in H1 2014.

Vacancy rate increased by 1 percentage point during H1 2014 and stands at 19%.

Demand reached record highs; with 181,300 sq m let it surpassed the same period previous year threefold.

Renewals accounted for over 50% of the total transaction volume.

Big-box headline rents around Budapest range between €3.25 and €3.8 per sq m per month.

Source : DTZ (Groupe UGL)

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Keywords : DTZ