Take up Vacancy
INDUSTRIAL MARKET
INDUSTRIAL MARKET MID-YEAR MARKET REPORT - 2009
Regarding rental rates, quite a few developers were offering reduced prices – €
Major Leasing Transactions in 2009 H1
3.5 / sqm / month or even lower net prices – for recently completed vacant
Highway locations ("big box") buildings or recently emptied big box warehouse space left by tenants. Meanwhile,
Tenant Location Landlord Size (sqm) net asking rents for standard property stock were characteristically between € 3.8-
Archirex M5 - Gyál Business Park Autóker 2 514 4.5 / sqm / month. There seems to be significant difference between discounted
lease rates and standard prices. Also, the appearance of a new pricing category is
Docutár M5 - Gyál Business Park Autóker 1 660 EXP
expected for warehouses built based on pre-leases. The pricing levels and
NA Europolis Park Budapest Airport Europolis 1 775 calculation basis of these rents will be vastly different from those seen in previous
years.
Rudolph Logistics WestLog Industrial Securities Europe 4 700
Schneider Electric ProLogis Park Budapest Sziget ProLogis 4 714 EXP Speculative developer activity – especially in larger volume – is practically non-
Veco Immo Euro-BusinessPark Immoeast 2 180 existent. The handover of another 50,000 sqm of mainly “small unit” type buildings
PRE=pre-lease EXP=expansion BTS=built-to-suit at city locations is expected, but not at project sites, in the form of individual
City Logistics ("small units") buildings. Currently, only a handful of smaller buildings are expected to be handed
over in H1 of 2010.
Tenant Location Landlord Size (sqm)
Elektromont DAN Üzleti Park W-GO 2000 740 Activity in the sale transaction market is quite low, with only the occasional small
land and building transactions by end users taking place. We have no knowledge of
Logicom Citypoint9 ConvergenCE 500
high volume developments or developer transactions in the countryside.
Magyar Posta inNove Business Park Altan Beton 1 260
Expansion (sqm)
NA Dél-Pesti Üzleti Park 1 Wing 440
80 000 45,0%
41,9%