Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Hungary MarketBeat

Orsolya Hegedűs • 08/02/2024

Office

After a dynamic Q3, transactional activity remained robust in Q4, with renewals accounting for over 50% of the transactions during the last quarter. Year-to-date, gross take-up reached 464,570 sq m, reflecting a noteworthy 19% year-on-year growth, showcasing a resilient rebound from the pandemic's impact. Annual net take-up also displayed a 21% increase.

Retail

Moody’s projects a 7.8% annual decline in retail sales in Hungary for 2023, followed by a moderate improvement of 3.1% in 2024. This projection accounts for the notable impact of a high base effect from the government's 2022 tax rebate. As inflationary pressures eased, signs of recovery surfaced towards the year-end. Notably, online retail sales saw an uptick, constituting 8.1% of total sales from January to November.

Industrial

In 2023, the Hungarian L&I market experienced a significant growth spurt, witnessing the addition of 517,800 sq m of new logistics space. This expansion translated to a remarkable 12% increase in total stock compared to Q4 2022.

Current Marketbeats

Budapest sunset, Hungary
Hungary Office Data

Office Marketbeat is a summary of the Hungary office property sector providing comment on recent trends as well as market data and analysis.

Download

Food hall, Budapest, Hungary
Hungary Retail Data

Retail Marketbeat is a summary of the Hungary retail property sector providing comment on recent trends as well as market data and analysis.

Download

Industrial area, Budapest, Hungary
Hungary Industrial Data

Industrial Marketbeat is a summary of the Hungary industrial property sector providing comment on recent trends as well as market data and analysis.

Download

Balchik, Bulgaria
Hungary Hospitality Data

Hospitality Marketbeat is a summary of the Hungary hotels sector providing comment on recent trends as well as market data and analysis.

Download

investment card
Hungary Investment Data

Investment Marketbeat is a summary of the Hungary investment sector providing comment on recent trends as well as market data and analysis.

Download

Related Insights

retail radar
Research

European retail radar

Our European Retail Radar offers a detailed overview of the retail real estate industry across Europe, backed by thorough research conducted on transactions in 13 European countries and 231 cities.
15/04/2024
Office Fit Out Cost Guide - Web card
Research • Workplace

Slovakia Office Fit Out Cost Guide

Revitalize your workspace in Slovakia with our Office Fit Out Cost Guide 2024. Start the journey toward a more productive and modern office environment in Bratislava today!
Veronika Špániková • 20/03/2024
office, statistics, laptop
MarketBeat • Economy

CEE MarketBeats

Cushman & Wakefield MarketBeat reports analyse quarterly commercial real estate activity in the CEE region (Czech Republic, Hungary, Poland, Romania, and Slovakia) across office, retail, industrial and hospitality real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Marie Baláčová • 13/09/2023

LOOKING FOR DATA?

Looking for more historic or specific property market data? Get in touch.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS