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Take-Up on Budapest Office Property Market Falls Steeply

• 17 Jul 2026 12:07 PM

Take-up on the Budapest office property market reached 84,790sqm in the second quarter, down 29pc from the same period a year earlier, a report released by the Budapest Research Forum (BRF) shows.

New leases accounted for 27pc of take-up, while renewals made up 62pc. Expansions accounted for 10pc of total demand.

The vacancy rate on the market stood at 12.2pc, up 0.1pp from the previous quarter, but down 0.6pp from the same period a year earlier.

There were 4,474,170sqm of modern office space in Budapest in Q2, level with the area in the previous quarter.

BRF's members are CBRE, Colliers, Cushman and Wakefield, ESTON International, iO Partners and Robertson Hungary.

Photo: Pixabay

Source: MTI – Hungary’s national news agency since 1881.

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