Ferencváros / Millennium City Center is a trophy-tier Budapest submarket with average asking rent around €288/sqm/yr · ≈ $28.9 PSF/yr USD.

  • Average asking rent: €288/sqm/yr · ≈ $28.9 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €264/sqm/yr · ≈ $26.5 PSF/yr USD ($26 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

Ferencváros / Millennium City Center, Budapest office rents and availability

Ferencváros / Millennium City Center is a trophy-tier Budapest submarket with average asking rent around €288/sqm/yr · ≈ $28.9 PSF/yr USD.

TL;DR

  • Average asking rent: €288/sqm/yr · ≈ $28.9 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €264/sqm/yr · ≈ $26.5 PSF/yr USD ($26 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Ferencváros / Millennium City Center averages around €288/sqm/yr · ≈ $28.9 PSF/yr USD for Class A, against a citywide Class A index of 264. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Master-planned riverfront frontier. Tech, shared services, creative agencies, government, hospitality.

Key facts

cityBudapest
submarketFerencváros / Millennium City Center
tiertrophy
averageRentLocal€288/sqm/yr · ≈ $28.9 PSF/yr USD
cityClassARentUsd$26/sqft/yr
cityVacancyPct12.4%

Frequently asked questions

What is the average Class A rent in Ferencváros / Millennium City Center, Budapest?
Around €288/sqm/yr · ≈ $28.9 PSF/yr USD. The citywide Class A index sits at €264/sqm/yr · ≈ $26.5 PSF/yr USD.

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Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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