The commercial real estate (CRE) market is of crucial importance, as it influences all sectors of the economy while also playing a major role in people’s everyday life. The Magyar Nemzeti Bank’s Commercial Real Estate Market Report analyses market processes on a semi-annual basis. It presents macroeconomic factors affecting the CRE market, and demand and supply-side trends in different segments both in the rental and investment markets for CRE. The Report also discusses banks' real estate financing activity, which is also an important link between real estate market developments and financial stability.