The industrial market in Greater Budapest saw higher demand during Q2 2025, reaching 201,680 sqm, a 7% year-on-year rise, according to the Budapest Research Forum.
Meanwhile, net take-up, excluding renewals, stood at 120,460 sqm for the same period.
The total modern industrial stock in Hungary expanded to 5.8 million sqm by the end of Q2 2025, with Greater Budapest accounting for 3.8 sqm million.
New deliveries in the capital and regional areas collectively added 91,320 sqm to the national stock. This included the completion of HelloParks Alsónémedi (AN1), a new 59,290 sqm speculative industrial/logistics building in Greater Budapest.
Despite the increased activity, the vacancy rate in Greater Budapest rose to 13.4% in Q2 2025, up from 10.6% in Q1 2025, resulting in 516,340 sqm of vacant logistics space.
Nationally, the vacancy rate was 12.5%. Adjusted net absorption remained negative in Greater Budapest at -54,680 sqm, contributing to an overall national negative figure of -47,940 sqm.
Leasing activity in Greater Budapest saw new leases comprising 26% of the total, with renewals making up the largest share at 40%. Expansions accounted for 20%, and pre-leases for 14%.
A total of 30 leasing transactions were registered in Greater Budapest, with an average size of 6,720 sqm. The largest transaction was a 39,240 sqm renewal at Prologis Park Budapest - Sziget.
