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Interviews

Carbon-Neutral Offices and Evolving Tenant Expectations: How Budapest’s Office Market Is Transforming

According to Aurelia Luca, Executive Vice President of Operations for Hungary and Romania at Skanska’s commercial development business unit, sustainability is no longer a competitive advantage but a basic expectation among corporate tenants. At the same time, energy efficiency, transparency of operational data, and the quality of the workplace environment are playing an increasingly important role in decision-making, fundamentally reshaping the priorities of Budapest’s office market.

Resilience and value creation at the turning point of the cycle – Convergence strengthens through strategic renewal

Market uncertainty, cautious investor sentiment, and transforming office usage habits – yet Convergence has chosen renewal and deliberate development. The real estate investment and development company, presenting itself with a refreshed brand identity, is not merely reacting to challenges but actively shaping the market: it believes in the strength of resilient locations, value-creating repositioning, and long-term growth. We spoke with Mr. Csaba Zeley, Managing Director of Convergence, about the future of the Budapest office market, the role of flexibility, and the next chapter of an iconic inner-Buda office building – a successfully rethought building that has reached a transactionally relevant stage of its lifecycle.

Budapest’s Office Market at a Strategic Inflection Point

Budapest’s office market is no longer navigating a cyclical downturn, but a structural turning point driven by AI, changing work models and outdated lease structures.

From Iconic Landmark to Future-Ready Office Complex: WING’s Liget Center Wins Multiple Prestigious Awards

At this year’s Hungarian Real Estate Development Award, organized by the Hungarian Chapter of FIABCI, the Liget Center project stood out among the entries.

Flexibility that Creates Space – IWG is Redefining the Office Market in Hungary

As platform and more flexible ways of working becomes more widespread, the office market is undergoing a significant transformation, with an unprecedented demand for more flexible and localised solutions.

The New Role of the Office: Community, Identity, and Flexibility – Anita Hancz MRICS on the Challenges of the Hybrid Era

Anita Hancz, WING Zrt.’s Sales Director responsible for offices, the changes in the office market in recent years, such as the COVID-19 pandemic, the spread of hybrid working schemes and economic uncertainties, have brought about a complete change in the way tenants make decisions.

Avison Young and Green Court Office

In 2023, one of Budapest's most modern office buildings, Green Court Office, was acquired by a new investor on the market, Affinités Pierre (Groupama Gan REIM).

Office market faces strategic inflection point

Mr. Hubert Abt, founder and CEO of New Work and workcloud24 says that it's getting worse before it's getting better.