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Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence
Industrial

Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence

The optimistic mood prevails after the recent elections and the change of political situation in the industrial real estate market in Hungary. While the Czech Republic is often compared to Poland, Hungary is building its own position thanks to the automotive industry. According to real estate consultancy 108 REAL ESTATE, which has a presence in Budapest, the supply of modern warehouses and manufacturing space is expected to continue to grow, stimulated by the expected rising demand. The main reason for this is the multiplier effect of the major automotive brands already present on the Hungarian market. The vision of economic growth, expressed among other things by the new government's desire to adopt the euro as soon as possible, is also playing a role.

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Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country
Industrial

Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country

Domestic industrial hall leases in the Czech Republic have a number of specificities in the Central European context. But one parameter stands out above the rest: over the last three years, the logistics segment has outnumbered manufacturing in concluded lease transactions. And by a large margin. According to real estate consultancy 108 REAL ESTATE, over 550,000 sqm of industrial space was leased to manufacturing or processing companies in the whole of 2025. This was a 42% share of the total volume of transactions. Logistics-related tenants accounted for 33.85% of the total, while the remaining 24% belonged to retail, services and others. In total, approximately 1.3 million sqm of new industrial properties were occupied by new tenants in 2025.

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Leasing of industrial space in the Czech Republic exceeded expectations last year - 1.5 million sqm more to be added
Industrial

Leasing of industrial space in the Czech Republic exceeded expectations last year - 1.5 million sqm more to be added

1.3 million sqm of newly leased warehouse and manufacturing space. This exceptional result for 2025 best demonstrates the confidence of companies in the Czech market. Newly realised demand goes across all segments - industrial and engineering companies, logistics sector, retail including e-commerce are interested. The competitiveness of the domestic industrial real estate market is expressed by the total sum of concluded lease contracts, including extensions and renegotiations - almost 2.2 million sqm of industrial space.

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Prague is acutely running out of modern offices: limited construction is driving rents to record highs even above EUR 30/m2
Offices

Prague is acutely running out of modern offices: limited construction is driving rents to record highs even above EUR 30/m2

The contrast could not be greater: it has been a long time since so many cranes have been seen on large construction sites above Prague. And yet the market shows a chronic shortage of modern offices. According to real estate consultancy 108 REAL ESTATE, the explanation has several levels. The first is that many of the office developments being built are for a pre-secured tenant and are not getting to market. The second is that even the current frenzied construction will not cover the demand from companies deferred from the covid period. Finally, the third is that the construction in many cases is for residential types rather than office. "Developers and landlords are dictating the conditions, and rent growth is matching this. The EUR 25 per square meter per month threshold is becoming the norm for modern office buildings, not the exception," Lena Popová, Head of Office Lettings at 108 REAL ESTATE, summarizes the current state of the office market in Prague.

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