At the end of Q3 2026, the total modern industrial stock in Hungary amounted to 6,574,550 sq m. From which in Greater Budapest, the modern industrial stock reached 4,171,780 sq m, while the stock in Regional Hungary totaled 2,402,770 sq m.
In the third quarter of 2026, two new speculative industrial and logistics facilities were completed in Greater Budapest, increasing the total stock by 23,940 sq m, comprising the IV. phase of building A of VGP Park Budapest Aerozone and building C in VGP Park Budapest Aerozone II in Üllő. In the regional markets, a total of 72,510 sq m of new industrial space was completed in four schemes, of which besides one exception, all is fully leased. In total, new deliveries increased the national stock by 96,450 sq m. 30,230 sq m logistic area was excluded from the Budapest industrial stock due to owner-occupation.
The vacancy rate in Greater Budapest decreased to 13.0% in Q3 2026, reflecting a 1.8 pps decrease quarter-on-quarter. At the end of the quarter, a total of 541,320 sq m of logistics space was vacant in Greater Budapest. Outside the capital, vacant areas reached 231,290 sq m, corresponding to a vacancy rate of 9.6%. The nationwide vacancy rate stood at 11.8% at the end of Q3 2026.
Total demand in Greater Budapest amounted to 180,170 sq m in Q3 2026, representing a 48% increase compared to the same period of the previous year. During the third quarter of 2026, net take-up excluding renewals equaled 143,010 sq m, reflecting 79% of the total demand.
In Q3 2026, new deals accounted for the largest share of total leasing activity at 40%, while pre-leases represented 30%. Renewals made up 21%, and expansions comprised 9% of total activity in Greater Budapest.
The largest transaction of the quarter was a 42,830 sq m new lease agreement in HelloParks Páty at PT5 building, while the largest transaction in the regional markets was a 16,260 sq m new lease agreement in WLP Debrecen West in Ebes.
In the third quarter of 2026, 28 leasing transactions were registered in Greater Budapest, with an average transaction size of 6,435 sq m, reflecting a 53% increase year-on-year. The number of transactions, however, remained roughly unchanged compared to the same period last year. In line with trends observed in previous years, majority of leases continued to be concluded in big-box logistics parks.
In Q3 2026, net absorption in Greater Budapest returned to positive territory, reaching 68,190 sq m. Net absorption in the regional markets also remained positive, totaling 84,850 sq m, bringing the national total to 153,040 sq m.
