Warehouse to let in West-Budapest

Description
West-Budapest has the second largest stock in terms of warehouse space in the Budapest market. The total supply is 414,000 sq m which consists of 365,000 sq m warehouse space and 49,000 sq m office area. The vacancy rate was 32.9 % at the end of June which is pretty higher compared to the average Budapest level of 22.8 %. The current average rents are between EUR 2.50 and 3.45 /sq m/month + VAT for the warehouse and EUR 5.50 and 7.50 /sq m/month + VAT for the office space. This region offers the most flexible rents due to the high vacancy and to the quality of the supply. The region is basically driven by logistics activity.
Selected warehouse parks

Tulipan Park is located on the western outskirts of Budapest at the junction of the M0 ringroad and M1 motorway. ...

 
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West-Budapest
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22 August 2013

 73 million Euro was transacted on the Hungarian real estate investment market in Q1 2013 according to the international property advisor Jones Lang LaSalle.


Hungary
1054 Budapest
Szabadság tér 14.
+36 1 489 02 02
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Fax +36 1 489 02 03