108 Real Estate sees impressive results on the Hungarian Industrial Market

Commercial real estate consultancy 108 Real Estate has solidified its position as a dominant force in the industrial rental market. With a presence across almost all segments of the industrial real estate sector, the agency has continued its dynamic growth that began last year.

In the second quarter of 2024, 108 Real Estate was involved in nearly 105,000 sqm of industrial leasing transactions, capturing 56 percent of the total industrial leasing market in the capital and its surrounding areas. This achievement has made them the top player in the industrial leasing market.

The agency has secured the majority of new leases in the industrial real estate sector, assisting several companies in starting operations in Hungary. Additionally, renewing contracts for existing clients has been a priority, which landlords highly value. The market continues to favour tenants, who benefit from a broad selection of properties and competitive rental terms. Moreover, the agency successfully represented CTP Hungary in negotiating a lease for 100,000 sqm across several local CTParks.

These transactions highlight not only the agency’s professional success but also the sustained high demand for prime locations and sophisticated solutions in the market.

“The market is characterized by strong demand and active leasing activity. Our team’s up-to-date market knowledge and continuous trend monitoring are highly appreciated by our clients, to whom we are deeply grateful for their ongoing trust and cooperation,” said István Fazekas, Managing Partner at 108 Real Estate.

Current Trends in Hungary’s Industrial Logistics Market

The last quarter saw strong demand and active rental activity in the market, with a significant diversification in project types and investments. The automotive sector remains dominant, with many new leasing transactions driven by logistics and manufacturing needs. Hungary continues to attract foreign capital investment, which is reflected in the increased demand for industrial properties.