At the end of Q2 2025, the total modern industrial stock in Hungary amounted to 5,844,765 sq m, reflecting an increase from the previous quarter, due to new completions, addition to existing stock and size adjustments. Modern industrial stock in Greater Budapest totaled 3,866,080 sq m, while the stock of Regional Hungary added up to 1,978,685 sq m.

In the second quarter of 2025, the speculative industrial/logistics stock in Greater Budapest expanded by 59,290 sq m with the completion of a new building, HelloParks Alsónémedi (AN1). In the regional markets, three additional developments were completed, totaling 32,030 sq m. Altogether, new deliveries in the capital and regional areas increased the national stock by 91,320 sq m.

The vacancy rate in Greater Budapest increased to 13.4% in Q2 2025, up from 10.6% in Q1 2025. At the end of the quarter, a total of 516,340 sq m of logistics space was vacant in Greater Budapest. Outside the capital, vacant areas reached 213,610 sq m, corresponding to a vacancy rate of 10.8%. The nationwide vacancy rate stood at 12.5% as of Q2 2025.

 Source: BRF

Total demand in Greater Budapest amounted to 201,680 sq m in Q2 2025, an increase of 7% year-on-year. Through the second quarter of 2025, net take-up excluding renewals equaled 120,460 sq m.

Source: BRF

In Greater Budapest, new leases accounted for 26% of the total leasing activity in Q2 2025, while lease renewals represented 40%. Expansions accounted for 20%, while pre-leases represented 14% of the total.

The largest transaction of the second quarter was a renewal of 39,240 sq m in Prologis Park Budapest – Sziget in Greater Budapest, while the largest transaction in the regional market was a 28,160 sq m lease renewal in CTP Tatabánya.

In the second quarter of 2025, 30 leasing transactions were registered in Greater Budapest, with an average transaction size of 6,720 sq m. Compared to the previous quarter, the number of transactions increased.  Consistent with previous years’ trends, the majority of leases continued to be concluded in big-box logistics parks.

In Q2, the adjusted net absorption in Greater Budapest remained negative, totaling -54,680 sq m. In the regional markets, the adjusted net absorption was positive (6,740 sq m); however, at the national level, the overall figure stayed negative at -47,940 sq m.