lh x cw market report A4_23.03.02 v34 interactive72

RENTS AND GROWTH

Both the significant amount of new supply coming onto the market and the high proportion of pre-let transactions show that the market remains attractive to developers and tenants. Prime rents in Greater Budapest have increased by 15.1% year-on-year and currently stand at €5.35 per square metre.

Rising inflationary pressures and a weak currency are likely to further increase

construction costs, which could lead to a further rise in BTS primary rents. By Central European standards, the Budapest agglomeration is a competitive business location.

SUBMARKET PRIME RENT AS AT Dec-22 (Euro / sq. m / month)

Y/Y growth

3yr CAGR

5yr CAGR

10yr CAGR

Budapest

5.35

15,1%

3,3%

7,4%

4,3%

Debrecen

5.35

18,9%

8,0%

8,9%

4,3%

Miskolc

5.35

18,9%

8,8%

8,9%

4,3%

Gyor

4.80

1,1%

2,2%

5,1%

3,2%

Szekesfehervar

4.50

0,0%

3,2%

5,2%

2,5%

Pecs*

4.50

n/a

n/a

n/a

n/a

Kecskemet*

4.80

n/a

n/a

n/a

n/a

4,0

4,5

5,0

5,5

6,0

6,5

7,0

7,5

8,0

SLOVAKIA

PRIME INDUSTRIAL RENTS IN THE CEE REGION YE 2022 Cushman & Wakefield Research

ROMANIA

HUNGARY

POLAND

CZECH REPUBLIC

* The location is a new addition to our database, so historical data is not yet available.

Industrial

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