Warehouse Leasing in Hungary: Your Guide to the Industrial & Logistics Market

What is an Industrial and Logistics Property?

Industrial and logistics spaces include warehouses, manufacturing halls, and distribution centers used for storing, handling, or processing goods. These assets are crucial links in modern supply chains – from automotive and e-commerce to the food & beverage industry.

Hungary as a Strategic Location in Central Europe

Thanks to its central position, competitive costs, and strong motorway and rail network, Hungary continues to attract international logistics and manufacturing companies. Besides Budapest, regions like Győr, Debrecen or Székesfehérvár are gaining increasing importance due to infrastructure access and workforce availability.

💬 Expert Insight – Roland Kis, Head of Industrial Agency, iO Partners Hungary

“Vacancy increased due to significant handovers and several major move-outs. In 2025, we expect further growth in vacancy, driven by macroeconomic uncertainty and slowing demand.”

🟣Market Trends in Hungary

In Q1 2025, Hungary’s industrial vacancy rate rose to 10.5%, driven by new completions totaling 51,775 sq m.
An additional 285,000 sq m is under construction and expected to be delivered during the year.
The total stock now stands at 3.81 million sq m – an 8% y/y increase.
Gross take-up reached 82,370 sq m, showing a 9% decline compared to Q1 2024.
Net take-up was 40,060 sq m, with 47% of new leases, 39% preleases and 15% expansions.
Prime rent remained stable at €5.50/sq m/month.
The West submarket saw the highest increase in vacancy, jumping to 15.8% due to new completions.

🟣 Types of Industrial Properties

• Standard warehouse – ideal for logistics, e-commerce, and FMCG
• Manufacturing hall – tailored for production technologies and machinery
• Cross-dock facility – optimized for rapid goods distribution
• Last-mile logistics – small urban warehouses for e-shops and express deliveries
• BTS (Build-to-Suit) – customized for a specific tenant’s needs
• BTO (Build-to-Own) – developed for long-term owner operation

🟣Key Locations for Warehouse Leasing in Hungary

• Budapest and its surroundings (e.g. Gyál, Szigetszentmiklós, Törökbálint)
• Western Hungary (e.g. Győr, Mosonmagyaróvár)
• Eastern Hungary (e.g. Debrecen)
• Southern Hungary (e.g. Pécs, Baranya County)
• Various Budapest districts: 3rd, 9th, 10th, 11th

🟣Decision-Making Criteria for Industrial Tenants

• Rent levels and incentive packages (e.g. fit-out support, rent-free periods)
• Location and infrastructure (motorway, public transport)
• Access to skilled labour
• Operating costs and future flexibility
• Preference for new builds or refurbished brownfields
• ESG potential, including solar panel installation

🟣Brownfields as Strategic Opportunity

Revitalized industrial sites can offer cost-effective solutions with existing infrastructure. These locations may also qualify for government incentives and funding programs.

🟣What to Watch Out for When Leasing a Warehouse?

• Technical specs (clear height, floor load, ramps)
• Fit-out and operational costs
• Scalability over time
• Transparent comparison of multiple offers
• Working with experienced local advisors

🟣Why Choose iO Partners Hungary?

Our industrial team understands the real operating needs of businesses in Hungary. We tailor property recommendations to your business model – whether you're looking for warehousing, light production, or distribution hubs.

➡️ Choose from our current offer of warehouses in Budapest, Győr, Debrecen or anywhere in the Hungary. We will find you a warehouse at the best price, production space at the lowest cost or small business units according to your expectations.

Frequently Asked Questions (FAQ)

• What is the standard lease term?
  5–7 years is typical, longer for BTS developments.
  
  
• Can I lease smaller units?
  Yes, starting from 1,000–2,000 sq m.
  
  
• How fast can I move in?
  Ready-to-use units: within 1–2 months. BTS projects: 6–12 months.
  
  
• What costs apply beyond the rent?
  Service charge, utilities, fit-out, and reinstatement.
  
  
• Is there a difference between brownfield and new build?
  Yes. Brownfields are often cheaper but may require renovations. New builds offer ready-to-use modern space.
  
  
• Are incentives or subsidies available?
  Yes – especially in strategic industrial zones or energy-efficient buildings.