Industrial leasing activity in and around Budapest remained resilient during the second quarter of 2026, with total take-up reaching 175,510 square metres, according to the latest figures published by the Budapest Research Forum (BRF).
The market also showed signs of stabilisation on the supply side. Despite more than 117,000 square metres of new industrial space being completed during the quarter, the vacancy rate edged down by 0.3 percentage points to 14.8%.
Lease renewals continued to dominate demand
The BRF data shows that lease renewals represented 44% of all transactions completed during the quarter, making them the largest component of leasing activity. Pre-leases accounted for 26% of total demand, while new lease agreements represented 18%. Contracts for additional space signed by existing occupiers contributed another 12%.
Industrial stock exceeds 6.5 million sqm nationwide
Hungary’s modern industrial and logistics stock reached 6.51 million square metres at the end of the second quarter. The Budapest metropolitan area remained the country’s dominant logistics hub, accounting for 4.18 million square metres of modern industrial space, or roughly two-thirds of the national inventory.
