Budapest Office Figures Q2 2025

In the first half of 2025, the Budapest office market saw limited new supply, with no completions in Q2 and a total of just 5,060 sq m delivered by the end of H1. The modern office stock reached 4,426,050 sq m by mid-year. In Q2 2025, total leasing activity (TLA) reached 120,000 sq m, marking a 26% year-on-year increase. As of mid-2025, no new office developments have commenced in Budapest. However, approximately 504,000 sq m of space is currently under construction, including 10,000 sq m of refurbishment projects. As of July 2025, the average asking rent for vacant space standing at 15.1 EUR/ sq m/ month, by 3.4% up y/y.