At the end of Q3 2025, the total modern industrial stock in Hungary amounted to 5,923,790 sq m, reflecting a slight increase from the previous quarter, due to new completions, addition to the existing stock and size adjustments. Modern industrial stock in Greater Budapest totaled 3,920,850 sq m, while the stock of Regional Hungary added up to 2,002,940 sq m.

In the third quarter of 2025, the speculative industrial&logistics stock in Greater Budapest expanded by 54,770 sq m with the completion of Késmárk Industrial Park, Rossmann HQ, and two halls of VGP Park Budapest – Aerozone. Xanga Park, part of the Debrecen Déli Gazdasági Övezet, was completed in the regional market, adding a total of 22,000 sq m. In total, new deliveries increased the national stock by 76,770 sq m.

The vacancy rate in Greater Budapest decreased to 13.1% in Q3 2025, reflecting a 0.3 pps increase compared to Q2 2025. At the end of the quarter, a total of 515,020 sq m of logistics space was vacant in Greater Budapest. Outside the capital, vacant areas reached 184,140 sq m, corresponding to a vacancy rate of 9.2%. The nationwide vacancy rate stood at 11.8% as of Q3 2025.

Total demand in Greater Budapest amounted to 121,850 sq m in Q3 2025, an increase of 11% year-on-year. Through the third quarter of 2025, net take-up excluding renewals equaled to 85,600 sq m.

In Q3 2025, new leases accounted for 27% of the total leasing activity in Greater Budapest, while lease renewals represented 30%. Expansions accounted for 8%, while pre-leases represented 35% of the total. The largest transaction of the third quarter was a pre- lease of 32,000 sq m in IGPark Nyíregyháza, while the largest new lease transaction was signed for 20,880 sq m in Login Business Park, in Greater Budapest.

In the third quarter of 2025, 29 leasing transactions were registered in Greater Budapest, with an average transaction size of 4,200 sq m. Compared to the previous quarter, the number of transactions decreased minimally. In line with trends observed in previous years, majority of leases continued to be concluded in big-box logistics parks.

In Q3 2025, net absorption in Greater Budapest turned positive, totaling 56,090 sq m. In the regional markets, the adjusted net absorption remained positive (49,990 sq m), therefore at the national level, the overall figure amounted to 106,080 sq m.


BRF