Budapest, 26th March 2009

Colliers International Budapest has issued its latest market report for the Industrial real estate market. “2008 was a record year in terms of total leased space. Despite the impending recession that started in October, 333 000 sqm was leased, which is an 82% increase versus 2007. Overall, the market is relatively stable, and demand and supply could remain in equilibrium in the first half of 2009, although negative trends such as longer decision-making processes on the tenant side also appeared.“- Tamás Beck, Head of Industrial division explained.