Under the new agreement, the existing site in Budapest will be transformed into a fully-fledged development center with both hardware and firmware being added to the existing software expertise, reinforcing the company’s global R&D footprint.
“We will increase the team in Hungary from 40 employees today to 100 by 2026,” says Andreas Kohn, COO at Rolling Wireless. “By expanding our development capabilities in Hungary, we will have two fully-fledged development sites, one in Europe and one in Asia, that shorten response times and increase efficiency in supporting our partners in the regions.”
Rolling Wireless has space on the first and second floors of Bartók Ház. Eston represented the tenant.
“This time, their office requirements were significantly more complex, and a successful agreement required strong focus and close collaboration from all stakeholders,” says Nikolett Svéger, senior consultant at Eston.
Completed in 2003, Bartók Ház is an earlier generation Class “A” office building with more than 17,600 sqm of leasable space. The building holds BREEAM “Very Good” and Access4you certifications, and plans are in place to power it entirely with renewable energy sources.
The building in Buda’s District XI was acquired by DRFG Investment Group in October 2025, marking its first commercial property acquisition in Hungary. TriGranit is responsible for the building’s asset management, investments to improve ESG parameters, and leasing activities.
DRFG was founded in Brno in 2011. Through its investment activities, the group operates across nine European markets, including the Czech Republic, Poland, and Slovakia.
The total modern office in Budapest amounts to 4,461,680 sqm as of the first quarter of 2025, comprising 3,518,820 sqm of speculative space and 942,860 sqm of owner-occupied offices. Within the speculative stock, Class “A” offices account for 67%, while Class “B” offices represent the remaining 33%, according to the Budapest Research Forum, which comprises CBRE, Colliers, Cushman & Wakefield, Eston International, iO Partners and Robertson Hungary.
Total demand amounted to 190,960 sqm in 2025, a 12% year-on-year increase, driven by leases from public entities. The strongest occupational activity was recorded in the Váci Corridor submarket, attracting 32% of total demand. The largest speculative transaction of the quarter was the renewal of BT on 9,000 sqm in Budapest One. DHL signed the largest new lease for 3,740 sqm in Liberty Offices.
Vacancy rates stood at 12.5%, reflecting a 0.9 percentage point decrease quarter-on-quarter and a 1.6 percentage point decrease year-on-year. The lowest vacancy rate was registered in Central Buda, at 6.4%, while the highest vacancy rate remained in the periphery submarket at 20.7%.
Total industrial stock for the Central and Eastern European market (comprising Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia) reached the 70 million sqm threshold in 2025, according to Cushman & Wakefield.
As of the third quarter of last year, Poland was the dominant player in the CEE industrial and logistics market, representing 52% of the regional footprint. Total gross take-up of modern industrial and space in Poland in 2025 is expected to exceed 6 million sqm, according to AXI Immo. Despite a clear slowdown in new supply, tenant activity remained high.
“With logistics networks now largely optimized, tenants are increasingly choosing to remain in proven locations, focusing on cost stability and operational efficiency,” says Anna Głowacz, head of industrial and logistics at AXI Immo.
As of the third quarter of 2025, Poland had a total of 36.5 million sqm of industrial and logistics space, followed by the Czech Republic with 12.8 million sqm, according to Cushman & Wakefield. The rapidly developing Romanian and Hungarian markets achieved 7.7 million sqm and about 6 million sqm, respectively.
Regarding new supply, Poland has 1.5 million sqm of space under construction, the Czech Republic has more than 1.2million sqm, Hungary has 472,000 sqm, and Romania 412,000 sqm. Cushman & Wakefield has traced an average vacancy rate for the six countries of 7.2%.
Hungary has the highest vacancy rate at close to 12%, while the Czech Republic has the lowest at 4%. Poland has an 8.2% vacancy rate and Romania 5.7%. Developers across the region are prioritizing pre-committed projects over speculative ventures, in the view of Cushman & Wakefield.
“Market bifurcation continues to intensify. Well-located, ESG-compliant, modern facilities retain pricing resilience while older properties face downward pressure on effective rents as landlords offer more generous packages. Capitalization rates are stable across most markets, with selective compression emerging only in the most supply-constrained Polish locations,” comments Marie Balacova, head of research and insight for CEE at Cushman & Wakefield.
“Despite lingering geopolitical risks, the region’s industrial markets remain resilient, supported by strong demand, disciplined development and sustained infrastructure, creating a solid base for continued momentum into 2026,” she concludes.
This article was first published in the Budapest Business Journal print issue of January 30, 2026.
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