Budapest is the historic political, cultural and financial capital of Hungary. With a metropolitan area population of about 1.7 million, comprising 20 percent of the country’s population, Budapest is Hungary’s most densely populated metropolitan area.
Budapest sits at the heart of Hungary’s continuing efforts to modernize. Key industries in Budapest include government, tourism, services, software and pharmaceuticals. Leveraging Hungary’s skilled workforce, many European automakers and auto parts companies have set up facilities in the country. Demand for industrial property and warehouses in Budapest is driven largely by consumption and trade.
Budapest is Hungary’s primary center for logistics and distribution. Advantageously located on the Danube river, Budapest also benefits from strong rail and highway networks, ensuring efficient access throughout Hungary and Eastern Europe. Budapest’s airport handles about 10 million passengers annually.
Prologis operates industrial properties and warehouses in the Budapest region.