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Office Market News

Two global giants extend lease contracts in CityZen

Since 2016, the Hungarian branch of Tech Mahindra has been utilizing the exceptional location and services of CityZen office building

The Budapest Research Forum (hereinafter the ‘BRF’) hereby reports its Q1 2024 office market summary

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary) hereby reports its Q1 2024 office market summary.

IWG set for record network growth

Significant growth in Hungary with new openings

Hybrid workspace leader IWG announces milestone financial performance in 2023 amidst shifting work trends

The IWG brands - Regus, Spaces and HQ – continue to attract diverse business customers worldwide and expand their presence in Hungary, with seven workspaces across Szeged, Pécs, Debrecen, Budaörs, Biatorbágy and Szentendre, as well as 12 locations in Budapest.

Interviews

Reliability and predictibility are fundamentals. Bernecker’s success story in the construction industry

Attila Bakonyi CEO and Zsolt Tomán Business Development Director agree that the values described in the title are the pillars of a nearly quarter of a centrury success story of the company. In the last 5 years, experiencing dynamic growth over 200k sqm area was constructed by the company

Tibor Tatár: instead of quantitative growth, the emphasis will shift to quality on the office market.

The professional’s opinion is that high(er) quality will increasingly emerge as a demand on the part of tenants, yet this doesn’t necessarily entail a greenfield investment.

Transactions

Date Business Center Tenant m2 Agency
2024 Q2 Bank Center FaceKom 1388 Property Solution Group
2024 Q2 Pódium irodaház Duna Transznacionális Program 354 Property Solution Group
2024 Q2 Liberty Office Building Flowserve Hungary Services 2550 WING Zrt

More Transactions »

Best of 2024

  • Largest Rental:

    Millennium Tower - Newmark VLK Hungary, with 8000m2 rented space

  • Most Active Office Building:

    Millennium Tower, 1 db rentals, with 8000m2 rented space

  • Most Active Agency:

    Newmark VLK Hungary, 1 transactions, transactions total space: 8000 m2

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