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Office Market News

Emerging Hungarian start-up moves to Árpád Center

9/1/20

Fürgefutár.hu, a Hungarian company with an international and domestic parcel delivery business has decided to move to one of the busiest office districts in Budapest. In July 2020, the company chose Árpád Center Office Building, located close to the junction of Árpád Bridge and Váci Road as the best location for their headquarters.

IMMOFINANZ: 10.4% increase in rental income during first half-year, net profit negatively affected by crisis-related write-downs

8/27/20

IMMOFINANZ started the 2020 financial year with strong operational performance, but the development of business in the second quarter was negatively influenced by the Covid-19 pandemic.

ConvergenCE moves to Árpád Center office building

8/7/20

One of Budapest's most successful boutique real estate investors, ConvergenCE, has moved its headquarters into the Árpád Center.

New Leasing Director at Horizon Development

8/5/20

Kata Mazsaroff will assume the role of Leasing Director at premium Hungarian real estate developer Horizon Development from September 2020. With her ambitious goals and remarkable professional background, the new executive will be heading the company’s leasing department and participating in the value creation process of the company.

Huge Hungarian success in the FIABCI World Prix d’Excellence Awards

7/22/20

Hungarian real estate developers won two gold and five silver medals in this year's World Prix d’Excellence Awards.

ConvergenCE appointed to Lease Agora Offices

7/22/20

Agora Tower, one of the newest and most spectacular office buildings on Váci Road, opened its doors in June. ConvergenCE has been appointed the exclusive contract to support the owners, HB Reavis to lease the iconic building.

The Budapest Research Forum (hereinafter the ‘BRF’) hereby reports its Q2 2020 office market summary.

7/13/20

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2020 office market summary.

Many companies in the CEE region might consider a hybrid mix of remote and office-based work along with software for management of distributed teams, project management, team management and even skills management in the business.

7/7/20

We expect that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed to new and pre-lease transactions. We might record more sub-leases being offered if companies need to downsize. Tenant covenants will receive additional scrutiny by landlords, banks and investors in order to limit risk to a sustainable income.

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