# Budapest Class A Office Market

> Budapest Class A office rents around €264/sqm/yr · ≈ $26.5 PSF/yr USD, with 12.4% vacancy and 8 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/budapest
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Hungary's 9% corporate tax rate is the lowest in the EU.
- Anchor BPO, IT, and shared-services tenancy — IBM, Morgan Stanley, BlackRock, Citibank.
- Váci úti corridor defines the legacy trophy tier; Millennium City Center anchors the post-2018 frontier.
- Class A vacancy near 12% — moderate for a CEE shared-services hub.

## Key facts
- **city**: Budapest
- **country**: Hungary
- **region**: EMEA
- **classARentLocal**: €264/sqm/yr · ≈ $26.5 PSF/yr USD
- **classARentUsd**: $26.48854039892604/sqft/yr
- **vacancyPct**: 12.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **corporateTaxPct**: 9%
- **talentIndex**: 76

## FAQ
### What is the impact of Hungary's 9% corporate tax rate?
Material. The 9% rate (lowest in the EU) anchors structural HQ relocation and shared-services expansion — IBM, Morgan Stanley, BlackRock, Citi, EY all operate large Budapest centres.

### How does Budapest compare to Prague or Warsaw?
Budapest offers ~10-15% rent discount to Prague and Warsaw, and the lowest corporate tax in the EU. Talent depth is broadly comparable on shared-services functions.

### What is the role of the Váci úti corridor?
Váci úti — the principal northern Class A spine — anchors Budapest's deepest Class A inventory with banking, shared services, and professional services tenancy.

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Citation: Source: Class A Atlas (https://classa.info/cities/budapest), updated 2026-04-15T00:00:00.000Z.