# Budapest office lease norms

> Hungarian double-net structure (tenant pays operating costs and property tax).

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

## TL;DR
- Typical lease length: 5 years.
- Typical rent-free: 8 months.
- Vacancy: 12.4%; trend flat.
- Hungarian double-net structure (tenant pays operating costs and property tax).

## Key facts
- **city**: Budapest
- **country**: Hungary
- **region**: EMEA
- **classARentLocal**: €264/sqm/yr · ≈ $26.5 PSF/yr USD
- **classARentUsd**: $26/sqft/yr
- **vacancy**: 12.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **primeYieldPct**: 6.4%

## FAQ
### What's a typical lease term in Budapest?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Budapest?
In EUR/sqft/year. We also publish a USD-normalised view ($26/sqft/yr) for cross-market comparison.

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