The industrial pipeline is strong, and demand remains high, although vacancy rates are rising in an uncertain economic environment. Logistics and industrial dominate in the Greater Budapest area, while it is mainly light industrial production and assembly space in demand in secondary hubs across Hungary.
Developer-led industrial development is finally extending to regional hubs across Hungary as in other Central European countries. With total stock for the sector having reached 4.58 million sqm in Hungary, 70% of it is located in the Greater Budapest area, according to Cushman & Wakefield.