Market data · Q2 2026
Hungarian industrial market: data and trends
The Budapest Research Forum’s (BRF) quarterly figures since 2014: vacancy, stock, take-up and completions in Greater Budapest and the regions, in charts and tables.
Q2 2026 at a glance
- Greater Budapest’s vacancy rate was 14.8%, 1.4 pp higher than a year earlier; 10.5% in the regions.
- Greater Budapest’s take-up was 175,510 m² in the quarter, 13% less than a year ago.
Key figures, Q2 2026
- Vacancy, Greater Budapest 14.8% −0.3 pp q/q +1.4 pp y/y vacant share of Greater Budapest’s stock
- Modern industrial stock 6,510,150 m² +2.4% q/q +11.4% y/y Hungary: Greater Budapest and the regions
- Take-up 175,510 m² −8.8% q/q −13.0% y/y Greater Budapest, in the quarter, renewals included
- Net absorption 36,455 m² previous quarter: −70,060 m² a year ago: −54,680 m² Greater Budapest, in the quarter
- Completions 117,975 m² previous quarter: 128,420 m² a year ago: 91,320 m² Hungary, in the quarter
- Vacancy, regions 10.5% +1.7 pp q/q −0.3 pp y/y vacant share of the regional stock
Vacancy rate
The share of vacant industrial space in Greater Budapest, the regions and Hungary. BRF has measured the regional market since 2021.
Take-up
All leasing in Greater Budapest in the quarter (bars) and net take-up without renewals (line).
Modern stock
Modern industrial and logistics stock in Greater Budapest and the regions.
Completions
New industrial space delivered in the quarter, in Greater Budapest and the regions.
Net absorption
The quarterly change in occupied space in Greater Budapest and the regions.
Quarter by quarter since 2014
Every quarter as the BRF release states it, newest first. A dash means the release did not state the figure: nothing in the table is estimated or back-calculated.
| Quarter | Stock, Hungary (m²) | Stock, Greater Budapest (m²) | Stock, regions (m²) | Take-up (m²) | Net take-up (m²) | Vacancy, Greater Budapest | Vacancy, regions | Net absorption, Greater Budapest (m²) | Deals | Average deal (m²) | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 2026 | 6,510,150 | 4,179,890 | 2,330,260 | 175,510 | 97,400 | 14.8% | 10.5% | 36,455 | 30 | 5,850 | Release |
| Q1 2026 | 6,360,025 | 4,151,040 | 2,208,985 | 192,410 | 151,800 | 15.1% | 8.8% | −70,060 | 41 | 4,695 | Release |
| Q4 2025 | 6,132,195 | 4,082,455 | 2,049,740 | 261,595 | 201,700 | 12.8% | 8.6% | 155,150 | 42 | 6,230 | Release |
| Q3 2025 | 5,923,790 | 3,920,850 | 2,002,940 | 121,850 | 85,600 | 13.1% | 9.2% | 56,090 | 29 | 4,200 | Release |
| Q2 2025 | 5,844,765 | 3,866,080 | 1,978,685 | 201,680 | 120,460 | 13.4% | 10.8% | −54,680 | 30 | 6,720 | – |
| Q1 2025 | 5,700,725 | 3,805,290 | 1,895,435 | 82,370 | 40,065 | 10.5% | 8.6% | −48,340 | 26 | 3,170 | Release |
| Q4 2024 | 5,552,475 | 3,755,750 | 1,796,725 | 225,960 | 81,630 | 7.9% | 6.8% | 177,000 | 38 | 5,945 | Release |
| Q3 2024 | 5,292,750 | 3,628,840 | 1,663,910 | 109,750 | 62,330 | 9.6% | 6.6% | 19,610 | 19 | 5,780 | Release |
| Q2 2024 | 5,139,970 | 3,563,940 | 1,576,030 | 188,350 | 149,560 | 8.5% | 8.5% | 52,439 | 35 | 5,380 | Release |
| Q1 2024 | 5,103,595 | 3,522,155 | 1,581,440 | 90,875 | 78,275 | 8.9% | 6.5% | −15,145 | 23 | 3,950 | Release |
| Q4 2023 | 5,090,570 | 3,487,830 | 1,602,750 | 313,810 | 157,990 | 8.6% | 5.7% | 87,680 | 26 | 12,070 | – |
| Q3 2023 | 5,047,330 | 3,447,460 | 1,599,870 | 85,160 | 35,740 | 10.0% | 5.6% | 78,590 | 21 | 4,060 | Release |
| Q2 2023 | 4,814,000 | 3,306,740 | 1,507,260 | 124,770 | 80,390 | 8.6% | 6.9% | −27,470 | 21 | 5,940 | Release |
| Q1 2023 | 4,729,935 | 3,241,150 | 1,488,785 | 107,025 | 58,000 | 5.9% | 6.4% | 40,790 | 25 | 4,280 | Release |
| Q4 2022 | 4,582,660 | 3,137,750 | 1,444,915 | 222,720 | 187,975 | 3.8% | 5.0% | 90,315 | 27 | 8,250 | Release |
| Q3 2022 | 4,490,200 | 3,076,770 | 1,413,430 | 218,220 | 170,680 | 4.9% | 4.3% | 187,330 | 36 | 6,060 | Release |
| Q2 2022 | 4,307,950 | 2,927,900 | 1,380,050 | 113,520 | 65,760 | 6.4% | 5.5% | 44,730 | 17 | 6,680 | Release |
| Q1 2022 | – | 2,812,510 | 1,299,900 | 125,260 | 102,410 | 4.2% | 3.9% | −18,970 | 19 | 6,590 | Release |
| Q4 2021 | – | 2,733,870 | 1,210,940 | 237,475 | 173,960 | 3.2% | 6.5% | 169,300 | 32 | 7,450 | Release |
| Q3 2021 | – | 2,567,510 | 1,191,340 | 143,530 | 65,690 | 3.5% | 6.2% | 36,220 | 23 | 6,240 | Release |
| Q2 2021 | – | 2,542,480 | – | 172,740 | 148,980 | 4.0% | – | 87,659 | 19 | 9,090 | Release |
| Q1 2021 | – | 2,415,550 | – | 81,820 | 44,590 | 2.6% | – | 27,020 | 16 | 5,450 | – |
| Q4 2020 | – | 2,374,900 | – | 110,260 | 57,520 | 2.0% | – | 29,890 | 20 | 5,510 | Release |
| Q3 2020 | – | 2,351,110 | – | 176,870 | 124,250 | 2.3% | – | 6,850 | 24 | 7,370 | Release |
| Q2 2020 | – | 2,351,110 | – | 202,610 | 143,350 | 2.6% | – | 67,030 | 22 | 9,210 | Release |
| Q1 2020 | – | 2,286,970 | – | – | 11,840 | 2.8% | – | 17,830 | 19 | 4,190 | Release |
| Q4 2019 | – | 2,246,960 | – | 88,230 | 13,610 | 1.9% | – | 29,760 | 18 | 4,900 | Release |
| Q3 2019 | – | 2,231,590 | – | 154,825 | 66,390 | 2.0% | – | 34,650 | 23 | 6,730 | Release |
| Q2 2019 | – | 2,200,250 | – | 107,070 | – | – | – | 20,600 | 23 | 4,655 | – |
| Q1 2019 | – | 2,200,250 | – | 83,680 | – | 3.1% | – | 5,210 | 25 | 3,347 | Release |
| Q4 2018 | – | 2,177,880 | – | 105,070 | – | 2.4% | – | 116,170 | 32 | 3,280 | Release |
| Q3 2018 | – | 2,086,120 | – | 109,350 | – | 3.7% | – | 2,490 | 27 | 4,050 | Release |
| Q2 2018 | – | 2,081,120 | – | 59,740 | – | 3.5% | – | 25,550 | 18 | 3,320 | Release |
| Q1 2018 | – | 2,068,900 | – | 103,790 | – | 4.2% | – | 24,360 | 24 | 4,320 | Release |
| Q4 2017 | – | 2,043,220 | – | 211,250 | – | 4.0% | – | 73,650 | 29 | 7,280 | Release |
| Q3 2017 | – | 1,980,460 | – | 122,020 | – | 5.5% | – | 25,005 | 19 | 6,422 | Release |
| Q2 2017 | – | 1,953,790 | – | 212,750 | – | 5.5% | – | 27,300 | 24 | 8,865 | Release |
| Q1 2017 | – | 1,961,480 | – | 71,600 | – | 5.9% | – | 67,346 | 25 | 2,864 | Release |
| Q4 2016 | – | 1,934,950 | – | 133,460 | – | 8.1% | – | 38,990 | 27 | 4,943 | Release |
| Q3 2016 | – | 1,909,310 | – | 84,570 | – | 8.9% | – | 13,340 | 31 | 2,728 | Release |
| Q2 2016 | – | 1,887,800 | – | 92,100 | – | 9.7% | – | −20,640 | 21 | 4,380 | Release |
| Q1 2016 | – | 1,887,800 | – | 118,265 | – | 8.6% | – | 22,600 | 27 | 4,380 | Release |
| Q3 2015 | – | 1,842,310 | – | 61,835 | 37,845 | 12.3% | – | 31,630 | 28 | 2,210 | Release |
| Q1 2015 | – | 1,885,610 | – | 105,860 | 34,890 | – | – | – | – | – | Release |
| Q4 2014 | – | 1,855,585 | – | 128,465 | – | 15.7% | – | – | 27 | – | Release |
| Q3 2014 | – | 1,848,100 | – | 69,100 | 53,000 | 18.6% | – | – | 20 | 3,455 | Release |
| Q2 2014 | – | 1,848,000 | – | 121,920 | – | 19.1% | – | 47,900 | 22 | 5,542 | – |
| Q1 2014 | – | – | – | 55,650 | – | – | – | – | 19 | – | – |
Methodology and definitions
- Modern industrial stock
- The area of modern warehouses, logistics and light-industrial halls in Greater Budapest and (since 2021) the regions.
- Vacancy rate
- Vacant space available for occupation as a share of the stock.
- Take-up
- The area of leases signed in the quarter: new leases, expansions, pre-leases and renewals.
- Net take-up
- Take-up without renewals.
- Net absorption
- The change in occupied space over a quarter: space taken up minus space released.
- Completions
- New industrial space completed in the quarter.
- Greater Budapest
- The capital and its surroundings, the main market of BRF’s industrial reports; BRF has measured the regions separately since 2021.
The figures come from the BRF quarterly releases published since 2014, each number as the release states it: nothing on the page comes from another source (another firm’s report, our own calculation). Where a release does not state a figure, the table shows a dash. BRF publishes no rents. BRF revises the stock from time to time (demolitions, reclassifications), so two quarters’ stock does not always differ by the completions alone. The page is updated every quarter, after the BRF release.
Frequently asked questions
What is the industrial vacancy rate in Hungary?
According to BRF, it stood at 14.8% in Greater Budapest and 10.5% in the regions at the end of Q2 2026.
How large is Hungary’s modern industrial stock?
According to BRF, Hungary had 6,510,150 m² of modern industrial and logistics space at the end of Q2 2026, most of it in Greater Budapest.
How much industrial space is leased in Greater Budapest in a year?
According to BRF, total take-up in Greater Budapest was 667,495 m² in 2025, renewals included.
Where do the figures come from, and how often are they updated?
From the Budapest Research Forum (BRF), whose members are the leading real estate advisory firms and which publishes joint market figures every quarter. The page holds every release since 2014 and is updated each quarter, after the BRF release.
Looking for a warehouse?
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