Budapest's office market recorded a notable decrease in its vacancy rate during Q2 2025, reaching 12.8%. This marks a 1.29 percentage point drop from the previous quarter and a 1.18 percentage point decrease year-on-year, according to the Budapest Research Forum (BRF). Net absorption also turned positive, reaching 57,000 sqm.

Residential developer Living has announced the launch of sales for Park West Rise, the fourth and final phase of its Park West residential park. 

HGL, the logistics service provider, has significantly increased its operational footprint at HelloParks’ Maglód megapark, adding another 10,000 sqm of warehouse space.

According to epiteszforum.hu, Futureal Group’s residential developer arm Cordia will convert the next, currently shell-stage phase of the Corvin Innovation Campus office complex into a residential building. Designed by Radius B+S Architects, the eight-storey building will house more than 200 apartments, some featuring ceiling heights over 3 metres, thanks to the existing structural design. The project will also include a three-level underground garage, 400 sqm of communal space for residents, and a 160 sqm rooftop terrace exclusively for residents.

The iconic Budapest Marriott Hotel, a landmark on the Danube River, has been acquired by a Hungarian consortium comprising BDPST Group and Diorit Private Equity Fund, managed by Gránit Asset Management, for an undisclosed sum.

The iconic 1967-built Hotel Budapest — locally known as Körszálló (meaning 'circle hotel') — has officially received demolition and construction permits for a near-complete rebuild. Most of the cylindrical tower and interior will be taken down and reconstructed to house around 50 luxury apartments, along with wellness facilities, restaurants, offices, and public amenities, 24.hu reports.

The logistics project Panattoni City Dock Törökbálint has reached full occupancy, over robust demand for industrial projects in the greater Budapest area. 

Tribe, part of the Accor hospitality group, opened in mid-May its second hotel in Hungary, near the Budapest airport.

Adventum Group announced the signing of a refinancing for its KÖKI Shopping Center in Budapest.

Corvin Innovation Campus, the office complex developed by Futureal Group, has been awarded the highly coveted WELL Core Platinum certification.