Take-Up On Budapest Office Property Market Falls Significantly
- 18 Jul 2025 5:22 PM
Take-up on the Budapest office property market reached 119,975sqm in the second quarter quarter, falling 16pc from the same period a year earlier, a report released by the Budapest Research Forum (BRF) shows.
New leases accounted for 40pc of take-up, while renewals made up 39pc. Expansions accounted for 2pc of total demand.
The vacancy rate on the market stood at 12.8pc, down 1.29pp from the previous quarter and 1.18pp from the same period a year earlier.
There were 4,426,050sqm of modern office space in Budapest in Q4, level with the area in the previous quarter.
BRF's members are CBRE, Colliers, Cushman and Wakefield, ESTON International, iO Partners and Robertson Hungary.
Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.
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