There are still no new yields on the Hungarian industrial property market. While the amount of new property stagnates, thanks to the collapse of a few companies (or their reduction in size), the number of vacant spaces keeps increasing. So, it is no wonder that vacancy rates are tenaciously on the rise. It is impossible to predict with any sort of precision when exactly this downslide will end. What is certain, however, is that it would be business suicide to develop anything on a speculative basis in the current situation (without at least pre-rental agreements for 60-70% of the retail space) given the practically non-existent demand, even if current Hungarian rental rates happen to be some of the lowest.