30. Januar 2012 
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Industrial stock Budapest with 1,807,207 m²
The size of the modern industrial stock in Budapest and its surroundings stood at 1,807,207 m² at the end of Q4 2011. Contrary to the first nine months of the year, one new development, the 10,100 m² size BILK “L” building was handed over between October and December. This was reported by the Members of the Budapest Research Forum (BRF) including CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, GVA Robertson and Jones Lang LaSalle in their industrial market data covering Q4 2011.
The total volume of lease transactions reached 100 891 m² in Q4 2011, which converges to the high quarterly level of Q1 2011. This level represents a 49.4% increase over the previous quarter and almost double compared to the same fourth quarter of 2010.
The share of renewals among lease transactions remained high amounting to 61,623 m², which accounts for 61.1% of total tenant activity. New leases accounted for 27.3 %, and expansions for further 11.7 % while no pre-leases were signed in the last three months of 2011.
In total 24 industrial transactions were concluded in Q4 2011 out of which only five exceeded 5,000 m². The largest three were renewals and two were new lease contracts. The average transaction size in logistics parks reached 4,831 sq m. Demand for city-logistics yielded five contracts amounting to 9,090 m² and the average deal size was 1,818 m². Both averages are the highest in 2011.
Due to the high level of demand the ratio of the vacant space decreased by 1.5 percentage points to 20.9% off the total stock in Q4. Occupancy in both categories, in logistics parks and in city-logistics increased to 79.8% and 72.5% respectively.
The level of net absorption was positive for the second time in 2011. New leases and expansions were signed on 39,300 m². The new warehouse spaces were handed over with no vacant space, meanwhile, tenants only vacated or reduced their space on less than 14,500 m².
In 2011 the total size of lease transactions was 329,100 m², which represents a 57% increase of tenant activity compared to 2010. Regardless, the total size of the occupied space decreased by 23,900 m² from January to December.
The total volume of lease transactions reached 100 891 m² in Q4 2011, which converges to the high quarterly level of Q1 2011. This level represents a 49.4% increase over the previous quarter and almost double compared to the same fourth quarter of 2010.
The share of renewals among lease transactions remained high amounting to 61,623 m², which accounts for 61.1% of total tenant activity. New leases accounted for 27.3 %, and expansions for further 11.7 % while no pre-leases were signed in the last three months of 2011.
In total 24 industrial transactions were concluded in Q4 2011 out of which only five exceeded 5,000 m². The largest three were renewals and two were new lease contracts. The average transaction size in logistics parks reached 4,831 sq m. Demand for city-logistics yielded five contracts amounting to 9,090 m² and the average deal size was 1,818 m². Both averages are the highest in 2011.
Due to the high level of demand the ratio of the vacant space decreased by 1.5 percentage points to 20.9% off the total stock in Q4. Occupancy in both categories, in logistics parks and in city-logistics increased to 79.8% and 72.5% respectively.
The level of net absorption was positive for the second time in 2011. New leases and expansions were signed on 39,300 m². The new warehouse spaces were handed over with no vacant space, meanwhile, tenants only vacated or reduced their space on less than 14,500 m².
In 2011 the total size of lease transactions was 329,100 m², which represents a 57% increase of tenant activity compared to 2010. Regardless, the total size of the occupied space decreased by 23,900 m² from January to December.
