Budapest Industrial Market Overview Q3 2025

A warehouse worker with a tablet walks down an aisle, with a futuristic digital overlay of logistics data projected onto the shelves.

The industrial market showed a moderating, but still high vacancy rate in Q3 2025. Although all completed buildings in the third quarter were fully leased, due to ongoing construction activity we expect further vacancy increases in the coming quarters. As the leasing activity continues to strengthen in the countryside, pre-leases and new constructions are appearing in increasing volumes outside Greater Budapest. For more details, read our insight.

Research Analyst

Anita Galfi researchAnita Galfi