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Total leasing activity reached 215,000 sqm in H1 2026, but net demand fell 19% to 100,500 sqm as more than 50% of transactions were contract renewals rather than new leases.
Only two new office buildings were delivered, adding 43,000 sqm, and just over 100,000 sqm is currently under construction, signaling limited future supply.
Regional capitals such as Belgrade, Bratislava, and Warsaw have already seen rent increases due to lower vacancy rates of 5.8% and 8.5%, suggesting Budapest may follow as quality space continues to shrink.
Investor activity is strengthening, highlighted by major deals such as the Capital Square sale for EUR 60–70 million and Millennium Tower I for about EUR 40 mln.
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