Commercial real estate investment market showed early signs of recovery in H1 2025, as investment volumes exceeded €280 million, a 55% year-on-year increase. This stronger performance was largely driven by the closing of three larger transactions, according to Cushman & Wakefield.
In Q2 2025, Budapest’s office stock remained unchanged at 4,426,050 sq m, as no new completions were recorded during the quarter. Gross take-up totalled 212,945 sq m in H1 2025, marking an 11% year-on-year decline. CBD prime office rents have remained unchanged since Q1 2023, holding steady.
Retail property market has remained largely static in recent years, constrained by limited development potential. However, the outlook for the second half of the year is more active, with 43,750 sq m of new retail space scheduled for delivery across 12 smaller-scale retail parks.
Industrial stock expanded by 91,325 sq m in Q2 2025, bringing the total stock to 5.8 million sq m by the end of June. Gross take-up reached 439,800 sq m in H1 2025, reflecting a 35% year-on-year increase. Greater Budapest accounted for 65% of total demand.
